Deep Industries Ltd to consider fund raising on Oct 22, 2011

A meeting of the Board of Directors of Deep Industries Ltd will be held on October 22, 2011, to consider the proposal to raise funds by way of Issue of Convertible Warrants.

The Board will also consider proposal to raise funds by way of Issue of FCCB / GDR / QIP.

The stock closed the day at Rs.76.85, up by Rs.3.40 or 4.63%. The stock hit an intraday high of Rs.77.50 and low of Rs.73.25.

The total traded quantity was 14705 compared to 2 week average of 9269.

Source : Equity Bulls

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