Nitin Fire Protection Industries to consider raising funds

A meeting of the Board of Directors of Nitin Fire Protection Industries Ltd will be held on July 08, 2011, to consider the fund raising through various means like Qualified Institutions Placement to Qualified Institutional Buyers, Preferential Allotment / Right Issue, FCCB/GDR/Warrants and / or any such manner or way Board may deem fit.

The Board will consider holding of Annual General Meeting for the financial year 2010-2011, and other related matters and also consider fixing date of book closure for dividend.

The stock closed the day at Rs.98, up by Rs.0.55 or 0.56%. The stock hit an intraday high of Rs.100.15 and low of Rs.96.45.

The total traded quantity was 2.29 lakhs compared to 2 week average of 2.19 lakhs.

Source : Equity Bulls

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