Hinduja Ventures climbs on board nod for Rs 3 bn investment - The New Indian Express

Hinduja Ventures climbs on board nod for Rs 3 bn investment

Published: 28th February 2014 12:19 PM

Last Updated: 28th February 2014 12:19 PM

Hinduja Ventures climbed on Friday after its board of directors reviewed the performance of its subsidiary i.e. IndusInd Media and Communications (IMCL) and reiterated the earlier decision to invest Rs 3 billion in IMCL, either directly or through its subsidiary.

The capital infusion is happening to take advantage of opportunities thrown up by digital conversion from analogue transmission as mandated by Information and Broadcasting Ministry, Government of India. Shares of the companyare trading at Rs 268, up Rs 3.75, or 1.42% at the Bombay Stock Exchange (BSE) on Friday at 11:31 a.m.The scrip has touched an intra-day high of Rs 269.30 and low of Rs 265.25. The total volume of shares traded at the BSE is 586.In the earlier session, the shares fell 0.51%, or Rs 1.35, at Rs 264.25. Currently, the stock is trading down 45.86% from its 52-week high of Rs 495 and above 10.72% over the 52-week low of Rs 242.05.

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