Sangam India decides against issue of securities

Sangam India Ltd has announced that the Company's application for in-principle approval of further issue of securities by way of FCCB issue of aggregating to Rs 100 Crores and 5000000 Convertible warrants of Rs 10/- each on preferential basis to the promoters and investors. In this connection, it has decided not to go for the above issues.

The stock closed the day at Rs.56.65, up by Rs.0.65 or 1.16%. The stock hit an intraday high of Rs.58.90 and low of Rs.56.10. The total traded quantity was 30270 compared to 2 week average of 20491.

Source : Equity Bulls

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