GSS America to consider raising $75 million

GSS America Infotech Ltd has announced that a meeting of the Board of Directors of the Company will be held on January 13, 2010, inter alia, to discuss and decide on the proposal to raise amount upto $ 75 million through Foreign Currency Convertible Bonds (FCCB) / Global Depository Receipts (GDR) / American Depository Receipts (ADR) / Qualified Institutional Placement (QIP) routes to fund the inorganic growth opportunities.

The Board will also approve the Extraordinary General Meeting (EGM) notice and decide the date of EGM to consider the above resolution.

The stock closed the day at Rs.327.75, up by Rs.0.65 or 0.20%. The stock hit an intraday high of Rs.366.40 and low of Rs.323.

The total traded quantity was 615427 compared to 2 week average of 101919.

Source : Equity Bulls

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