Vipul to issue NCDs worth Rs 75 crores

Vipul Ltd has announced that the Board of Directors of the Company at its meeting held on June 29, 2010, inter alia, has approved the issuance of Redeemable Secured Non-Convertible Debentures to the tune of Rs. 75 Crores on private placement basis to the intended/eligible investor(s).

The stock was trading at Rs.20.25, down by Rs.0.65 or 3.11%. The stock hit an intraday high of Rs.21 and low of Rs.19.90.

The total traded quantity was 2827 as compared to 2 week average of 8844.

Source : Equity Bulls

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