Brigade Enterprises to raise upto Rs 750 crores

Brigade Enterprises Ltd has announced that the Board of Directors of the Company at its meeting held on June 17, 2010, authorised raising of additional capital upto Rs. 750 Crores by issue of equity based securities to various investors by means of Public/Private Offerings / QIP Placement / Preferential issue or a combination thereof in one or more tranches subject to the approval of the Shareholders in the ensuing Annual General Meeting.

The stock closed the day at Rs.138.10, down by Rs.0.25 or 0.18%. The stock hit an intraday high of Rs.139.95 and low of Rs.137.50.

The total traded quantity was 3090 compared to 2 week average of 25795.

Source : Equity Bulls

Keywords