JBF Industries to raise upto Rs 300 crore

JBF Industries Ltd has announced that the Board of Directors of the Company at its meeting held on October 28, 2009, inter alia, has approved the proposal to raise funds upto Rs. 300 Crores through QIP / FCCB / any other securities placement with Indian / Foreign Investors as per SEBI Guidelines and to obtain shareholders approval for the same by holding Extra Ordinary General Meeting.

The stock closed the day at Rs.92.55, down by Rs.0.65 or 0.70%. The stock hit an intraday high of Rs.95.50 and low of Rs.91.

The total traded quantity was 129845 compared to 2 week average of 155015.

Source : Equity Bulls

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