Silverline rears up on widespread buying
Shares of Silverline zoomed to an intra day high of Rs 29.65 and closed 18.38 per cent higher at Rs 29.30 amid unusually high volumes of 99.97 lakh shares on the National Stock Exchange (NSE) and 36.74 lakh shares on the Bombay Stock Exchange on huge institutional and retail buying.
Last week, it was reported that Silverline was preparing to launch a $35 million overseas equity issue.
These funds are expected to be utilised for expanding its business to new areas such as IT-enabled services and business process outsourcing. Silverline Technologies
