Sanra Software to raise Rs 200 Crores

Sanra Software Ltd has announced that the Board of Directors of the Company at its meeting held on September 01, 2008, inter alia, has decided to Raise funds through Rights issue / Public Issue / Preferential Issue to accelerate the synergies of existing business as well as new area of business (including acquiring Companies or business with good potential) for an amount not exceeding Rs 200 Crores subject to approval of shareholders in General Meeting and other authorities as an enabling resolution towards its above mentioned endeavors.

The Stock closed the day at Rs.53.40, down by Rs.2.80 or 4.98%. The stock hit an intraday high of Rs.55 and low of Rs.53.40.

The total traded quantity was 2561 compared to 2 week average of 73373.

Source : Equity Bulls

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