Nissan Copper concludes placement of GDRs

Nissan Copper Ltd has announced that the Board of Directors of the Company at its meeting held on May 20, 2010, successfully concluded placement of 5,000,000 Global Depository Receipts at US$ 4.48 per Global Depository Receipt (Representing 25,000,000 Equity Shares of Rs. 10/- each).

Further the Board has also approved and allotted 5,000,000 Global Depository Receipt and 25,000,000 underlying Equity Shares of Rs. 10/- each representing the said GDR. The GDRs will be listed on the Luxembourg Stock Exchange.

The stock was trading at Rs.39.80, up by Rs.3.10 or 8.45%. The stock hit an intraday high of Rs.39.80 and low of Rs.36.35.

The total traded quantity was 8204 compared to 2 week average of 37484.

Source : Equity Bulls

Keywords