India Infoline board raises FII limit
India Infoline board raises FII limit >The board of directors of India Infoline, at its meeting held on Sep. 26, 2007, authorized to raise investment by foreign institutional investors (FIIs) including their sub-accounts upto 100% of the paid-up capital of the company. They have also decided to issue 1.5 million equity warrants on preferential basis to India Infoline Employee Trust. Further the board decided that the holdings of finance subsidiaries namely India Infoline Housing Finance, India Infoline Distribution Company and Moneyline Credit shall be transferred to India Infoline Investment Services (IIISL).
Shares of the company gained Rs 0.2, or 0.02%, to settle at Rs 810.15. The total volume of shares traded was 133,608 at the BS E.(Wednesday)
