A. K. Capital shares up by 9 percent

By SiliconIndia   |   Friday, October 29, 2010
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Bangalore: A. K. Capital Services stock was among top gainers after price went up by nearly 9 percent. After opening the day at 750.00, the stock touched its 52 week high of 868.00, before closing the trade at 746.00, with loss of 8.95 percent. Through the day, 32220 shares of A. K. Capital Services were traded in the market. A. K. Capital Services Limited is engaged in providing merchant banking services. The Company is engaged in providing various fee-based services, such as fund mobilization through issue of debt, equity, structured hybrid instruments and loan syndication for over 200 clients, including country's central and state government undertakings, private and nationalized banks, financial institutions and private sector corporate. The Company is a merchant banker in the Indian fixed income market through management of private placements, as well as public issues. It has announced that a meeting of the Board of Directors of the Company will be held on November 01, 2010, inter alia, to consider and approve the un-audited financial results for the second quarter ended September 30, 2010. The Board will consider enhancement of investment / inter corporate loan limits to Rs. 500 crore in subsidiary Company(s) / associate Company(s) subject to approval of shareholders through postal ballot. The Board will also consider and approve delisting of equity shares or the Company from Delhi Stock Exchange Association Limited (DSE).
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