Exelon Infrastructure to consider fund raising on Feb 10, 2011

Exelon Infrastructure Ltd has announced that a meeting of the Board of Directors of the Company will be held on February 10, 2011, inter alia, to consider the issue of upto 10 crore equity shares of Rs. 10/- each to promoters and others on by way of follow on public issue, rights issue, preferential allotment etc.

The Board will also consider proposal to issue Global Depository Receipts and/or American Depository Receipts convertible into equity shares, FCCBs, warrants convertible into depository receipts on preferential basis upto Rs.100 crores.

The stock was trading at Rs.52.50, up by Rs.0.50 or 0.96%. The stock hit an intraday high of Rs.54.60 and low of Rs.50.65.

The total traded quantity was 0.39 lakhs compared to 2 week average of 0.91 lakhs.

Source : Equity Bulls

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