Godrej Industries to raise US$ 150 Million

Godrej Industries Ltd has announced that the Board of Directors of the Company at its meeting held on July 27, 2007 has considered the proposal to augment long term resource(s) of the Company through suitable instrument(s) for an amount not exceeding USD 150 Million. The Board has recommended the same for the approval of the shareholders through postal ballot.

The stock closed on Friday at Rs.193.65, up by Rs.1.70 or 0.89%. The total traded quantity was 45345 compared to 2 week average of 38734. The stock hit an intraday high of Rs.196.80 and low of Rs.182.60.

Source : Equity Bulls

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