PTC India to raise Rs 1200 crores through QIP

PTC India Ltd has announced that subject to the approval of shareholders, the Board of Directors of the Company at a meeting held on February 03, 2009, inter- alia, approved raising of funds upto 1200 Crores through the Qualified Institutionals Placement ( NCDs upto Rs 400 Crores plus Warrants of upto Rs 800 Crores ) and at such price and terms to be decided by a Committee of Directors.

The stock was trading at Rs.64.70, down by Rs.1.35 or 2.04%. The stock hit an intraday high of Rs.71 and low of Rs.64.40.

The total traded quantity was 220843 compared to 2 week average of 67820.

Source : Equity Bulls

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