Ess Dee Aluminium to raise upto Rs 500 crores

Ess Dee Aluminium Ltd has announced that the Board of Directors of the Company at its meeting held on October 16, 2009, has decided to convene an Extra Ordinary General Meeting on November 10, 2009 to obtain shareholders approval by Special Resolutions under Section 81 (1A) of the Companies Act, 1956 for enabling to raise upto Rs. 500 crores (Rupees Five Hundred Crores only) in one or more tranches, by way of QIP / GDRs / ADRs / FCCBs / FCBs, etc., under the SEBI (ICDR) Regulations, 2009. The stock was trading at Rs.381.90, up by Rs.14.70 or 4%. The stock hit an intraday high of Rs.388.40 and low of Rs.368. The total traded quantity was 93894 compared to 2 week average of 54601.