Exelon Infrastructure approves raising funds

Exelon Infrastructure Ltd has announced that the Board of Directors of the Company at its meeting held on December 16, 2009, inter alia, have considered and duly approved the change of objects of the Company.

The Board also approved raising the funds through follow on public issue / GDR / FCCBs.

The stock was trading at Rs.62.25, up by Rs.2.95 or 4.97%. The stock hit an intraday high of Rs.62.25 and low of Rs.57.80.

The total traded quantity was 42970 compared to 2 week average of 5636.

Source : Equity Bulls

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