ABB India Ltd approves raising of Rs. 600 crores

The Board of Directors of ABB India Ltd at its meeting held on July 02, 2015, approved the proposal to raise money to the extent of Rs. 600 crore by way of issuance of Unsecured Listed Redeemable Non-Convertible Debentures on Private Placement basis to investors on such terms and conditions as may be decided by the Board. The issuance would be subject to the approval of the shareholders by way of a special resolution through postal ballot.

Shares of ABB India Limited was last trading in BSE at Rs.1362.5 as compared to the previous close of Rs. 1330.2. The total number of shares traded during the day was 10198 in over 1029 trades.

The stock hit an intraday high of Rs. 1366 and intraday low of 1325.05. The net turnover during the day was Rs. 13815871.

Source : Equity Bulls

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