Temptation Foods to consider QIP, Rights Issue on Oct 14, 2010

Temptation Foods Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 14, 2010, inter alia, to consider and approve Rights issue of Equity shares and QIP issue of Equity shares.

The Board will also consider Increase in Authorized Share Capital and issue of equity shares / warrants on preferential basis.

The stock closed the day at Rs.37.20, up by Rs.1.30 or 3.62%. The stock hit an intraday high of Rs.38.05 and low of Rs.35.10.

The total traded quantity was 5.56 lakhs compared to 2 week average of 1.86 lakhs.

Source : Equity Bulls

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