Bajaj Hindusthan EGM approves raising funds upto Rs 2000 crores

Bajaj Hindusthan Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 16, 2009, have unanimously passed the special resolution u/s 81(1A) of the Companies Act, 1956 for raising of additional long-term funds up-to Rs. 2,000 crores, by further issue of equity shares and/ or securities convertible into or exchangeable with equity shares, in domestic and/ or international market in one or more tranches.

The stock was trading at Rs.207.25, down by Rs.2.60 or 1.24%. The stock hit an intraday high of Rs.210.90 and low of Rs.205.

The total traded quantity was 454015 compared to 2 week average of 840862.

Source : Equity Bulls

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