Bhagyodaya Marketing approves fund raising

Bhagyodaya Marketing Company Ltd has announced that the Board of Directors of the Company at its meeting held on August 12, 2010 inter alia, has consider fund raising through the Preferential issue in accordance with Chapter VII of Securities and Exchange Board of India (ICOR) Regulations, 2009, subject to the approval of the shareholders.

Further the Company has informed that the Annual General Meeting is scheduled to be held on September 30, 2010.

The stock was trading at Rs.9.48, up by Rs.0.45 or 4.98%. The stock hit an intraday high of Rs.9.48 and low of Rs.9.48.

The total traded quantity was 1500 compared to 2 week average of 1500.

Source : Equity Bulls

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