Uflex to consider fund raising proposal on July 30, 2009

Uflex Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 30, 2009, inter alia, to consider the proposal for mobilizing funds by issue, offer and allotment of Rights Issue and / or Public Issue and / or Qualified Institutional Placements (QIPs) and / or against subscription in foreign currency / Indian rupee through prospectus and / or offering circular / letter, of equity shares of the Company and / or any other equity related instrument with or without warrants, NCDs / PCDs with or without warrants and / or Global Depository Shares (GDSs) and / or American Depository Shares (ADSs) against the issue of underlying shares and / or Foreign Currency Convertible Bonds (FCCBs) convertible at the option of the holder into equity shares and / or GDSs to Resident or Foreign investors and authorization to Committee of Directors to decide the type of issue / quantum of issue etc.

The stock was trading at Rs.80.70, up by Rs.0.95 or 1.19%. The stock hit an intraday high of Rs.82 and low of Rs.80.

The total traded quantity was 84039 compared to 2 week average of 105435.

Source : Equity Bulls

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