Beckons Industries to raise Rs 50 crores through GDR issue

Beckons Industries Ltd has announced that the Board of Directors of the Company at its meeting held on February 22, 2010, has approved the opening of the Global Depository Receipts (GDR) issue for an amount not exceeding INR 50 Crores. The issue price will be in accordance with amended guidelines vide Circular dated November 27, 2008 issued by the Joint Secretary to the Government of India.

The stock was trading at Rs.10.54, up by Rs.0.05 or 0.48%. The stock hit an intraday high of Rs.11 and low of Rs.10.36.

The total traded quantity was 39466 compared to 2 week average of 79290.

Source : Equity Bulls

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