Bombay Rayon Fashions to issue 19000000 GDRs

Bombay Rayon Fashions Ltd has announced that the Committee of Directors duly authorized by the Board, at its meeting held on November 10, 2009, have decided that the issue of upto 1,90,00,000 Global Depository Receipts (GDRs) representing equivalent underlying equity shares, par value of Rs 10, be opened for subscription to the persons resident outside India, on November 11, 2009, at an issue price of US $ 5.11 per GDR.

The stock was trading at Rs.192, up by Rs.3.50 or 1.86%. The stock hit an intraday high of Rs.195.70 and low of Rs.190.10.

The total traded quantity was 42395 compared to 2 week average of 158279.

Source : Equity Bulls

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