FCS Software concludes GDR issue

FCS Software Solutions Ltd has announced that the Board of Directors of the Company at its meeting held on December 10, 2009, successfully concluded placement of 10,000,000 Global Depositary Receipts at USD 2.41 per Global Depositary Receipt (Representing 100,000,000 Underlying Equity Shares of Re. 1/- each).

The Board of Directors at its meeting held on December 10, 2009 has also approved and allotted 10,000,000 Global Depositary Receipts and 100,000,000 underlying Equity Shares of Re. 1/- each representing the said GDR. The GDRs will be listed on the Luxembourg Stock Exchange.

The stock was trading at Rs.14.38, up by Rs.1.98 or 15.97%. The stock hit an intraday high of Rs.14.38 and low of Rs.12.35.

The total traded quantity was 2829031 compared to 2 week average of 365630.

Source : Equity Bulls

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