Dion Global Solutions Ltd approves QIP, FCCB issue

The Board of Directors of Dion Global Solutions Ltd at its meeting held on August 18, 216, have considered and approved the enabling fund raising option upto Rs. 300 Crore including but not limited to Qualified Institutions Placement (QIP), Foreign Currency Convertible Bond (FCCB), convertible securities or any other method and to recommend the same to the Shareholders for their approval at the ensuing Annual General Meeting of the Company.

The meeting of the Board of Directors of the Company commenced at 11.00 a.m. and concluded at 11.45 a.m.

Shares of DION GLOBAL SOLUTIONS LTD. was last trading in BSE at Rs.70.6 as compared to the previous close of Rs. 71.1. The total number of shares traded during the day was 5440 in over 197 trades.

The stock hit an intraday high of Rs. 72.4 and intraday low of 70. The net turnover during the day was Rs. 386340.

Source : Equity Bulls

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