Allied Digital board okays fund raising plans; stock up 1.35%
Shares of Allied Digital Services picked up momentum after the company’s board approved raising up to $50 million from institutional investors.
By ET Bureau |
MUMBAI: Shares of Allied Digital Services picked up momentum after the company���s board approved raising up to $50 million from institutional investors.
The company will issue 100,000 shares to Bennett Coleman & Co Ltd and split each of the company's shares into two, it said in a statement to the stock exchange.
At 10:30 am, the stock rose 1.34 per cent to Rs 507.45 on the BSE.
The company will issue 100,000 shares to Bennett Coleman & Co Ltd and split each of the company's shares into two, it said in a statement to the stock exchange.
At 10:30 am, the stock rose 1.34 per cent to Rs 507.45 on the BSE.
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