Sahyadri Industries to discuss QIP issue on Jan 15, 2010

Sahyadri Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on January 15, 2010, inter alia, to explore the possibility and to discuss the issue of shares to Qualified Institutional Buyers (QIBs) on Qualified Institution Placement(QIP) basis.

The stock was trading at Rs.128.80, up by Rs.3.30 or 2.63%. The stock hit an intraday high of Rs.130.55 and low of Rs.122.

The total traded quantity was 86211 compared to 2 week average of 120698.

Source : Equity Bulls

Keywords