Himatsingka Seide Ltd has informed the stock exchanges that the board of directors of the company have approved raising an amount of up to Rs 150 crore by issue of further securities. An extraordinary general meeting of the shareholders has been convened on December 8, 2010.
On the National Stock Exchange (NSE), shares of Himatsingka Seide touched an intra-day high of Rs 58.80, up nearly seven per cent. During the afternoon trading session, the shares were trading at Rs 58.35, up Rs 3.60 or 6.58 per cent.
