Kingfisher Airlines to consider raising funds on Aug 31, 2010

Kingfisher Airlines Ltd has announced that a meeting of the Board of Directors of the Company will be held on August 31, 2010, inter alia, to consider, raising further capital by issue of equity shares and / or preference shares and / or Global Depository Receipts (GDRs) and / or such other instruments and in such manner and amount as may be decided by the Board of Directors.

The stock was trading at Rs.59.15, up by Rs.1.25 or 2.16%. The stock hit an intraday high of Rs.60.20 and low of Rs.58.25.

The total traded quantity was 1370474 compared to 2 week average of 3782915.

Source : Equity Bulls

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