Vision Corporation to consider GDR issue on Apr 06, 2010

Vision Corporation Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 06, 2010, inter alia, to consider and approve the offer, issue and allotment, of securities by way of Global Depository Receipts ("GDR") and/or American Depository Receipts ("ADR") and/or Foreign Currency Convertible Bonds ("FCCB"), for an amount not exceeding Rs. 100 Crores, inclusive of such premium, and convertible into Equity Shares at the option of the Company and/or holders of such securities, or otherwise repayable, subject to necessary provisions & approvals, including approval of Members of the Company.

The stock was trading at Rs.7.05, up by Rs.0.06 or 0.86%. The stock hit an intraday high of Rs.7.19 and low of Rs.6.95.

The total traded quantity was 113893 compared to 2 week average of 54262.

Source : Equity Bulls

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