Patel Integrated to consider raising funds

Patel Integrated Logistics Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 19, 2007, to consider raising of funds / capital either through long term debt and / or working capital from Company’s bankers and / or other financiers and / or issue of preferential capital way of issue of equity and / or preference shares or a combination of both and / or through any other financial instruments / securities to either the promoter group and / or to a group investors, as the board may deem fit, including to decide on raising of the authorized capital, if so required, and to discuss and take up any other matter , as the board may consider necessary.

The stock was trading at Rs.91.45, up by Rs.5.30 or 6.15%. The stock hit an intraday high of Rs.95 and low of Rs.86.05.

The total traded quantity was 315507 compared to 2 week average of 244476.

Source : Equity Bulls

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