Welspun India to raise upto $75 million

Welspun India Ltd has announced that the Board of Directors of the Company have passed a resolution for postponing the Extra-ordinary General Meeting of the Company, which was to be held on November 30, 2009 for obtaining shareholders' approval for further issue of securities upto an amount equivalent of US$ 75 million, to December 14, 2009.

The stock closed the day at Rs.86, up by Rs.1.60 or 1.90%. The stock hit an intraday high of Rs.86.90 and low of Rs.84.45.

The total traded quantity was 28257 compared to 2 week average of 111233.

Source : Equity Bulls

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