Empower Industries to raise upto Rs 30 crore

Empower Industries India Ltd has announced that the Board of Directors of the Company at its meeting held on August 31, 2009, inter alia, has considered and approved the fund raising programme by way of private placement either through Right issue or issue of various instruments such as Global Depository Receipts (GDR) /American Depository Receipts (ADRs) / Foreign currency Convertible Bonds (FCCB5)/or any other securities convertible in to equity shares whether optionally or otherwise upto Rs. 30 Crores.

The stock was trading at Rs.16.15, down by Rs.0.70 or 4.15%. The stock hit an intraday high of Rs.17.60 and low of Rs.16.10.

The total traded quantity was 56280 compared to 2 week average of 37078.

Source : Equity Bulls

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