Aksh Optifibre opens Qualified Institutional Placement

Aksh Optifibre Ltd has announced that the issue for the placement of Equity Shares via the Qualified Institutional Placement route opened for subscription on August 16, 2010 pursuant to the resolution passed by Board of Directors of the Company in their meeting held on August 11, 2010. The relevant date for the said issue was August 11, 2010 and the floor price was Rs. 19.20 per share.

Further the Proposed Qualified Institutions Placement (Placement) of the Company of equity shares of Rs. 5/- each issue which opened on August 16, 2010 has closed for subscription on August 24, 2010.

The stock was trading at Rs.20.15, down by Rs.0.75 or 3.59%. The stock hit an intraday high of Rs.21 and low of Rs.20.

The total traded quantity was 0.82 lakhs compared to 2 week average of 2.60 lakhs.

Source : Equity Bulls

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