7Seas Technologies Ltd to raise funds

The Board of 7Seas Technologies Ltd in its meeting held on March 11, 2016 has extensively discussed the future capital requirement of the Company and strongly felt a need to raise the funds either by way of equity or debt. Mr. L. Maruti Sanker, Managing Director of the Company has been authorized to take necessary steps to raise the funds including finalizing the notice of EGM/Postal Ballot and circulate the same to the shareholders as may be required.

Shares of 7Seas Technologies Ltd was last trading in BSE at Rs.14.23 as compared to the previous close of Rs. 15.82. The total number of shares traded during the day was 2238 in over 25 trades.

The stock hit an intraday high of Rs. 15.75 and intraday low of 14.15. The net turnover during the day was Rs. 33677.

Source : Equity Bulls

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