Trimurthi Drugs & Pharmaceuticals to raise Rs 50 crores

Trimurthi Drugs & Pharmaceuticals Ltd has announced that the Board of Directors of the Company at its meeting held on July 30, 2010, inter alia, has considered and approved the listing of shares at Madras Stock Exchange, Chennai.

The Board has considered and approved the consolidation of shares from Existing Re. 1/- paid up to Rs. 10/- paid-up subject to approval of shareholders.

The board has discussed in detail and revised the fund raising monetary limits of fund raising plan to Rs. 50 Crores.

The board has revised the notice of the AGM to include the above referred matters.

The stock closed the day at Rs.4.35, down by Rs.0.15 or 3.33%. The stock hit an intraday high of Rs.4.79 and low of Rs.4.35.

The total traded quantity was 10058 compared to 2 week average of 55950.

Source : Equity Bulls

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