Chennai Petroleum Corporation Ltd to consider fund raising on May 23, 2015

The proposal for Increase in Authorised Share Capital of the Company and a proposal for Issue of Preference Shares on private placement preferential allotment basis to Indian Oil Corporation Limited (One of the Promoters of the company), are likely to be considered by the Board of Directors of Chennai Petroleum Corporation Ltd at the meeting scheduled to be held on May 23, 2015.

Shares of CHENNAI PETROLEUM CORPORATION LTD. was last trading in BSE at Rs.90.25 as compared to the previous close of Rs. 90.45. The total number of shares traded during the day was 107039 in over 1094 trades.

The stock hit an intraday high of Rs. 93.7 and intraday low of 89.25. The net turnover during the day was Rs. 9818669.

Source : Equity Bulls

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