Bilpower to raise US$15 Million through FCCB Issue

Bilpower Ltd has announced that the Board of Directors of the Company at its meeting held on October 23, 2007, inter alia, has approved the Issuance of Foreign Currency Convertible Bonds (FCCB) up to USD - 15.00 Million.

The stock closed the day at Rs.178.25, up by Rs.7.15 or 4.18%. The stock hit an intraday high of Rs.186.40 and low of Rs.170.

The total traded quantity was 62174 compared to 2 week average of 25539.

Source : Equity Bulls

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