Hasti Finance to consider raising funds on Oct 07, 2010

Hasti Finance Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 07, 2010, inter alia, to consider proposal to raise additional funds by way of issue of equity shares / convertible warrants on preferential basis to promoters and others as decided by the Board upto Rs. 15.00 crores.

The Board will consider proposal to increase the Authorized Share Capital of the Company to Rs. 11.00 crores and change the name of the Company.

The Board will also consider proposal to acquire control over the business of the Companies as decided by the Board by way of becoming holding Company as defined under section 4 of the Companies Act, 1956.

The stock closed the day at Rs.24, up by Rs.1.35 or 5.96%. The stock hit an intraday high of Rs.24.30 and low of Rs.22.50.

The total traded quantity was 4300 compared to 2 week average of 2257.

Source : Equity Bulls

Keywords