Interlink Petroleum Ltd updates on utilisation of Funds Raised through Preferential Issue for the quarter ended September 30, 2014

For the quarter ended September 30, 2014 the fund raised through the Preferential Issue have been fully utilized, for the purpose as stated in the explanatory statement to the notices of the General Meeting held for considering the Preferential Issue of Securities, except the balance amount of INR 18,50,000/- which cannot be utilized as the same has been pledged to the bank against the Bank Guarantee given by the Company to the Directorate General of Hydrocarbon under Public Sharing Contract, signed for the Modhera field.

Shares of INTERLINK PETROLEUM LTD. was last trading in BSE at Rs.18.8 as compared to the previous close of Rs. 19.6. The total number of shares traded during the day was 1013 in over 24 trades.

The stock hit an intraday high of Rs. 19.25 and intraday low of 18.55. The net turnover during the day was Rs. 19244.

Source : Equity Bulls

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