Visesh Infotecnics closes GDR Issue

Visesh Infotecnics Ltd has announced that the Company has successfully closed its maiden Global Depository Receipts (GDR) offering of US $ 10,000,000 on the Singapore Stock Exchange (SGX) on December 04, 2007. Consequently the Board of Directors at its meeting held on December 04, 2007, allotted 4,654,762 GDRs representing 9,309,524 Equity Shares having par value Rs 10 at an offer price of US$ 2.148 per GDR.

The stock was trading at Rs.34.60, up by Rs.0.70 or 2.06%. The stock hit an intraday high of Rs.35.50 and low of Rs.34.

The total traded quantity was 36954 compared to 2 week average of 325350.

Source : Equity Bulls

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