Firstsource Solutions to raise US$ 275 Million

Firstsource Solutions Ltd has announced that the Board of Directors of the Company at its meeting held on October 23, 2007, has approved the proposal for issue of securities through Foreign Currency Convertible Bonds (FCCBs) upto USD 275 Million or equivalent amount in any other currency in Indian or International Market, subject to approval of the shareholders and other regulatory approvals, if any required.

The stock closed the day at Rs.71.80, down by Rs.0.15 or 0.21%. The stock hit an intraday high of Rs.74.90 and low of Rs.71.50.

The total traded quantity was 111213 compared to 2 week average of 230616.

Source : Equity Bulls

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