Vishal Information Technologies prices GDR issue at Rs 320

Vishal Information Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on February 20, 2009, has decided to open the issue of Global Depository Receipt (GDR) and the price for the underlying equity shares is fixed at Rs 320/- per share.

The Board has also decided to fix the ratio of 1:6 for GDR to Equity Shares i.e. for every 1 GDR 6 new Equity Shares will be issued on conversion of GDR.

The stock was trading at Rs.336.95, up by Rs.8 or 2.43%. The stock hit an intraday high of Rs.337 and low of Rs.329.95.

The total traded quantity was 4606 compared to 2 week average of 17334.

Source : Equity Bulls

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