Karuturi Global to issue 2.2 crore GDRs

Karuturi Global Ltd has announced that the Board of Directors of the Company at its meeting held on August 11, 2010, inter alia, has decided that the issue of upto USD 22,000,000 Global Depository Receipts (Including the over allotment option) be opened to the persons resident outside India. on August 26, 2010.

The GDR's are proposed to be listed on the Singapore Stock Exchange.

The stock was trading at Rs.22.45, down by Rs.0.10 or 0.44%. The stock hit an intraday high of Rs.22.90 and low of Rs.22.

The total traded quantity was 4172575 compared to 2 week average of 10640535.

Source : Equity Bulls

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