Indage Restaurants to consider raising funds on Jun 09, 2009

Indage Restaurants and Leisure Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 09, 2009, to consider raising of financial resources by issuing equity shares or warrants on preferential basis for an amount not exceeding Rs 50 crores to the identified investors, QIBs and promoters / promoter group entitles at a price and on the terms and conditions to be determined in accordance with the applicable SEBI Guidelines.

The stock closed the day at Rs.16.48, up by Rs.0.78 or 4.97%. The stock hit an intraday high of Rs.16.48 and low of Rs.16.45.

The total traded quantity was 10350 compared to 2 week average of 54385.

Source : Equity Bulls

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