Bhagyodaya Infrastructure Development to raise funds

Bhagyodaya Infrastructure Development Ltd has announced that subject to the approval of shareholders, the Board of Directors of the Company at its meeting held on November 16, 2010, has approved raising of funds not exceeding Rs. 20 Crores by way of public offering or private placements or any other securities including equity shares and / or instruments or convertible securities etc.

Further the Board of Directors has scheduled the Extra-ordinary General Meeting on December 14, 2010.

The stock last traded on September 24, 2010 at Rs.9.95, up by Rs.0.47 or 4.96%. The stock hit an intraday high of Rs.9.95 and low of Rs.9.95.

The total traded quantity was 100 compared to 2 week average of 100.

Source : Equity Bulls

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