 "Salzer Electronics soars ahead of board meet")
Salzer Electronics has soared 15% to Rs 269 on the BSE on back of heavy volumes ahead of board meeting today to consider the proposal of fund raising plans.
“A meeting of the board of directors of the company will be held on April 01, 2015, to consider the proposal of raising funds by means of issue of equity shares and other eligible securities to the qualified institutional buyers, strategic investors, promoters and promoter groups on private placement basis,” Salzer Electronics said in a BSE filing.
The stock opened at Rs 240 and hit a high of Rs 274 on the BSE. Till 1029 hours, around 216,000 shares changed hands against an average 25,000 shares that were traded daily in past two weeks on the BSE.
“A meeting of the board of directors of the company will be held on April 01, 2015, to consider the proposal of raising funds by means of issue of equity shares and other eligible securities to the qualified institutional buyers, strategic investors, promoters and promoter groups on private placement basis,” Salzer Electronics said in a BSE filing.
The stock opened at Rs 240 and hit a high of Rs 274 on the BSE. Till 1029 hours, around 216,000 shares changed hands against an average 25,000 shares that were traded daily in past two weeks on the BSE.