Sunil Hitech to raise funds from International Markets

Sunil Hitech Engineers Ltd has announced that a meeting of the Board of Directors of the Company will be held on August 26, 2007, to consider the issue of further capital under section 81(1)(A) of the Companies Act, 1956, through Global Depository Receipt (GDR) and / or American Depository Receipt (ADR) and / or Foreign Currency Convertible Bond (FCCB) and / or any other securities convertible to equity shares.

The stock was trading at Rs.217.45, up by Rs.2.70 or 1.26%. The stock hit an intraday high of Rs.225 and low of Rs.215.20. The total traded quantity was 108164 compared to 2 week average of 232302.

Source : Equity Bulls

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