Gulf Oil to consider raising capital on Jun 25, 2009

Gulf Oil Corporation Ltd has now announced with reference to the earlier announcement dated June 16, 2009 regarding Board to consider Dividend, that the Board of Directors of the Company, at its Meeting to be held on June 25, 2009, inter alia, will also consider various options of issue of further capital to meet the funding requirements of the Company.

The stock was trading at Rs.55.55, up by Rs.2.60 or 4.91%. The stock hit an intraday high of Rs.55.55 and low of Rs.50.55.

The total traded quantity was 84641 compared to 2 week average of 106605.

Source : Equity Bulls

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