Hasti Finance to raise funds, change name

Hasti Finance Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 25, 2010, to consider the proposal to raise additional funds by way of issue of equity shares on preferential basis to promoters and others as decided by the Board upto Rs. 5,40,00,000/-.

The Board willconsider proposal to increase the Authorized Share Capital of the Company to INR 5.00 Crores and change the name of the Company.

The Board will also consider proposal to shift the registered office of the Company from Chennai to Mumbai.

The stock closed the day at Rs.22.80, up by Rs.0.15 or 0.66%. The stock hit an intraday high of Rs.23.45 and low of Rs.22.10.

The total traded quantity was 490 compared to 2 week average of 3660.

Source : Equity Bulls

Keywords