Hindustan Construction to consider raising funds on May 25, 2009

Hindustan Construction Company Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 25, 2009, inter alia, to consider various options for raising long term funds for funding the Company's growth plans by way of issuance of FCCBs / GDRs / Equity Shares or any other securities convertible into Equity Shares in accordance with the Guidelines prescribed by Securities and Exchange Board of India / Reserve Bank of India.

The stock closed the day at Rs.101.80, up by Rs.5.15 or 5.33%. The stock hit an intraday high of Rs.104.20 and low of Rs.94.

The total traded quantity was 2374936 compared to 2 week average of 2567911.

Source : Equity Bulls

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