Himadri Chemicals to consider raising funds on Dec 31, 2009

Himadri Chemicals & Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 31, 2009, inter alia to consider raising of funds by way of issue of further shares and securities on Preferential basis at the price to be determined in accordance with SEBI Guidelines.

The Board will also consider the date of convening an extraordinary general meeting of the Company.

The stock was trading at Rs.445.50, up by Rs.20.45 or 4.81%. The stock hit an intraday high of Rs.457.95 and low of Rs.438.35.

The total traded quantity was 53931 compared to 2 week average of 89895.

Source : Equity Bulls

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