Jaiprakash Hydro to consider raising funds on Jul 03, 2009

Jaiprakash Hydro Power Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 03, 2009, inter alia, to consider the recommendations of the Committee of Directors constituted, by the Board of Directors to consider amalgamation of Companies having synergy of business with that of the Company for enhancing the Stakeholder' value and to evaluate various fund raising options by way of Follow-on Public Issue (FPO) / QIP / GDRs / ADRs / FCCBs for the Projects being undertaken by the Company / the Projects to be implemented consequent upon amalgamation.

The stock closed the day at Rs.86.60, up by Rs.0.75 or 0.87%. The stock hit an intraday high of Rs.88 and low of Rs.84.55.

The total traded quantity was 5683962 compared to 2 week average of 8547385.

Source : Equity Bulls

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