Shree Ashtavinayak to consider raising funds on Sep 28, 2009

Shree Ashtavinayak Cine Vision Ltd has announced that a meeting of the Board of Directors of the Company will be held on September 28, 2009, inter alia, to consider raising funds through issue of shares/convertible securities into equity and/or to issue non convertible debts attached with warrants to be exchanged with equity shares on preferential basis and / or Qualified Intuitional Placement (QIP).

The stock closed the day at Rs.66.60, down by Rs.1.65 or 2.42%. The stock hit an intraday high of Rs.69.50 and low of Rs.66.40.

The total traded quantity was 389804 compared to 2 week average of 669248.

Source : Equity Bulls

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