Himalya International to consider preferential issue, project status on Jan 05, 2010

Himalya International Ltd has announced that a meeting of the Board of Directors of the Company will be held on January 05, 2010, inter alia, to consider calling for EGM to issue Preferential Equity / Qualified Institutional Placement (QIP) and warrants for its ongoing expansion projects and increase the authorized capital of the Company from Rs. 50 crore to Rs. 100 crore.

The Board will consider the expansion of domestic marketing through own stores and through franchisee business.

The Board will also consider the progress of projects at Gujarat and Rajasthan.

The stock closed the day at Rs.44.10, down by Rs.0.20 or 0.45%. The stock hit an intraday high of Rs.44.80 and low of Rs.43.50.

The total traded quantity was 206172 compared to 2 week average of 437037.

Source : Equity Bulls

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