Asian Oilfield to approve additional funding on Dec 22, 2009

Asian Oilfield Services Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 22, 2009, inter alia, to consider and approve additional funding the proposed expansion activities by way of offer and issue Equity Shares / Convertible Warrants on preferential basis to Strategic Investors as per their letters of intent received.

The stock was trading at Rs.62.30, down by Rs.0.10 or 0.16%. The stock hit an intraday high of Rs.63.40 and low of Rs.61.15.

The total traded quantity was 15615 compared to 2 week average of 136076.

Source : Equity Bulls

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