Bank of Rajasthan to raise Rs 250 crore through QIP issue

Bank of Rajasthan Ltd has announced that the Board of Directors of the Bank at its meeting held on June 27, 2009, has approved QIP placement of equity shares of upto Rs 250 Crores in one or more tranches (Paid up Equity Capital and Share Premium) by issuing equity shares subject to approval of shareholders of the Bank in Annual General Meeting / Extra Ordinary General Meeting.

The stock closed the day at Rs.62.45, up by Rs.1.35 or 2.21%. The stock hit an intraday high of Rs.64.40 and low of Rs.61.50.

The total traded quantity was 1208886 compared to 2 week average of 793593.

Source : Equity Bulls

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