Piramal Healthcare to raise upto Rs 1000 crores

Piramal Healthcare Ltd has announced that the Board of Directors of the Company at its meeting held on December 03, 2009, inter alia, approved a proposal for raising funds upto an amount of Rs. 1000 crores through an issue of equity / equity-linked securities, subject to requisite approvals. The duly authorised Committee of Directors has been empowered to take a final decision on the pricing, mode and manner of raising such funds.

The stock closed the day at Rs.400.95, down by Rs.13.55 or 3.27%. The stock hit an intraday high of Rs.421.70 and low of Rs.396.10.

The total traded quantity was 168611 compared to 2 week average of 67417.

Source : Equity Bulls

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