DIC India prices rights at Rs 225 a share
DIC India prices rights at Rs 225 a share
DIC India informed, that the rights issue committee, at its meeting held on Oct. 10, 2007, decided that the price at which the rights shares will be issued, has been fixed at Rs 225 (including a premium of Rs 215 a share).
The company announced a small rise in net profits for the quarter ended June 2007. During the quarter, the company experienced a 7.27% rise in profits to Rs 26.12 million from Rs 24.35 million in the same quarter last year.
Sales for the quarter rose 14.76% to Rs 995.82 million compared with the corresponding quarter, a year ago.
Shares of the company gained Rs 6.05 , or 3.25% to trade at Rs 192.00. The total volume of shares traded was 2,450 at the BSE.( 10.32 a.m., Thursday).
