Vascon Engineers Ltd Board approves Rights Issue of Equity Shares

The Board of Directors of Vascon Engineers Ltd at its meeting held on October 20, 2014, have discussed and approved the issue of Equity Shares on Right basis upto Rs. 120 crore (Rupees One Hundred and Twenty Crore only).

The Board also approved statement of Utilization of Initial Public Offer (IPO) proceeds pursuant to clause 43 of Listing Agreement.

Shares of Vascon Engineers Ltd was last trading in BSE at Rs.28.25 as compared to the previous close of Rs. 26.9. The total number of shares traded during the day was 4795 in over 150 trades.

The stock hit an intraday high of Rs. 29.5 and intraday low of 27.6. The net turnover during the day was Rs. 138534.

Source : Equity Bulls

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