Kiri Dyes and Chemicals to raise funds

Kiri Dyes and Chemicals Ltd has announced that the Board of Directors of the Company at its meeting held on September 09, 2010, has decided to open the issue, of Equity Shares and/or convertible securities, other than warrants, on Qualified Institutions Placement basis and/or Equity Shares through depository receipts, including American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) and/or convertible bonds, including Foreign Currency Convertible Bonds (FCCBs) and/or other securities convertible into Equity Shares, within 90 days from the date of this meeting.

The stock was trading at Rs.597.55, down by Rs.3.90 or 0.65%. The stock hit an intraday high of Rs.616 and low of Rs.595.

The total traded quantity was 0.46 lakhs compared to 2 week average of 1.61 lakhs.

Source : Equity Bulls

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