Akruti City denies delay in QIP issue

Akruti City Ltd has clarified with reference to the news item appearing in a leading financial daily titled 'Akruti delays $ 500 million QIP plan by a year', that the Company strongly refute the above statement purported to have been made by the Managing Director Mr. Vyomesh M Shah and that the proposed QIP is on right track as per the calendar of events filed with the Registrar of Companies. In fact, the Company has already completed the despatch of postal ballot notice to its members and six copies of the same have also been forwarded to the Exchange.

The stock was trading at Rs.484.10, down by Rs.19.80 or 3.93%. The stock hit an intraday high of Rs.514.90 and low of Rs.478.75.

The total traded quantity was 31608 compared to 2 week average of 54933.

Source : Equity Bulls

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