Rei Agro to increase authorized capital to Rs 200 crores

Rei Agro Ltd has announced that the Board of Directors of the Company at its meeting held on August 29, 2009, inter alia, have approved to increase in authorized capital from Rs. 120 Crores to Rs. 200 Crores subject to approval of shareholders in the Annual General Meeting.

The Board approved to increase the borrowing limit from Rs. 5000 Crores to Rs. 10000 Crore subject to approval of shareholders in the Annual General Meeting and also approved the notice for calling the Annual General Meeting on September 23, 2009.

The stock was trading at Rs.49.35, up by Rs.0.30 or 0.61%. The stock hit an intraday high of Rs.49.80 and low of Rs.48.

The total traded quantity was 164378 compared to 2 week average of 659939.

Source : Equity Bulls

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