FCS Software Solutions concludes placement of 2.5 crores GDRs

FCS Software Solutions Ltd has announced that the Board of Directors of the Company at its meeting held on May 28, 2010, has concluded placement of 25,000,000 Global Depositary Receipts at USD 1.67 per Global Depositary Receipt (Representing 500,000,000 Underlying Equity Shares of Re. 1/- each).

At the same meeting the Board of Directors at its meeting held on May 28, 2010 has also approved and allotted 25,000,000 Global Depositary Receipts against 500,000,000 underlying Equity Shares of Re. 1/- each representing the said GDR. The GDRs will be listed on the Luxembourg Stock Exchange.

The stock was trading at Rs.3.67, up by Rs.0.04 or 1.10%. The stock hit an intraday high of Rs.3.73 and low of Rs.3.66.

The total traded quantity was 355547 compared to 2 week average of 2061720.

Source : Equity Bulls

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