K Sera Sera Productions to raise US$ 100 Million

K Sera Sera Productions Ltd has announced that the Board of Directors of the Company at its meeting held on December 18, 2008, inter alia, has considered and approved the fund raising programme and in this connection approved to issue / allot Global Depository Receipts (GDR) / American Depository Receipts (ADRs) / Foreign currency Convertible Bonds (FCCBs) / any securities convertible in to, equity shares whether optionally or otherwise up to an aggregate amount of US $100 Million or in equivalent Indian and/ or any other currency(ies).

The stock closed the day at Rs.16.93, up by Rs 0.80 or 4.96%. The stock hit an intraday high of Rs.16.93 and low of Rs.16.16.

The total traded quantity was 466899 compared to 2 week average of 362305.

Source : Equity Bulls

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