Omaxe raises Rs.100 Crores from LIC Mutual Fund

Omaxe Ltd has announced that on September 25, 2007, the Company has allotted 100 Secured Non Convertible Debentures of Rs 1 Cr. each (Series H) amounting to Rs 100 Crores to LIC Mutual Fund (Dist No. 601-700) on Private placement basis.

The Company has further informed BSE that 100 nos. Secured Non Convertible Debentures of Rs 1 Cr. each (Series F) amounting to Rs 100 Crores issued to Axis Bank Ltd has been listed on the Exchange on September 26, 2007.

The stock was trading at Rs.339.55, up by Rs.1.40 or 0.41%. The stock hit an intraday high of Rs.344.95 and low of Rs.338.50.

The total traded quantity was 76281 compared to 2 week average of 444039.

Source : Equity Bulls

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