Safari Industries India Ltd approves raising of Rs. 51 crores

The Board of Directors of Safari Industries India Ltd, at their meeting held today have amongst other matters, approved to raise funds upto Rs. 51,00,00,000/- (Rupees Fifty One Crores only) by way of preferential issue.

An Extra-ordinary General Meeting of the Company will be held on 21st October 2017 at Mumbai for obtaining Shareholders approval for the preferential issue. Accordingly, the relevant date for the pricing of both the aforesaid Preferential issue of equity shares is 21st September 2017.

Shares of SAFARI INDUSTRIES (INDIA) LTD. was last trading in BSE at Rs.1779 as compared to the previous close of Rs. 1737.35. The total number of shares traded during the day was 692 in over 49 trades.

The stock hit an intraday high of Rs. 1779 and intraday low of 1690. The net turnover during the day was Rs. 1209418.

Source : Equity Bulls

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