Financial Daily from THE HINDU group of publications
Monday, Oct 31, 2005
Financial Daily from THE HINDU group of publications Monday, Oct 31, 2005 |
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Corporate
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Announcements Markets - Stocks Southern Online Bio gets BSE trading nod Our Bureau
Hyderabad , Oct 30 SOUTHERN Online Bio Technologies Ltd (SBT) has obtained permission from the Bombay Stock Exchange (BSE) to trade on the bourse from October 31 onwards. The company's shares are already listed on the Hyderabad Stock Exchange (HSE). In a notification on Friday, BSE said the closing price of the SBT scrip at Rs 16.30 on HSE on October 28 would be the base price for trading at BSE. Further, the normal circuit filter of 20 per cent would be applicable on this base price. Meanwhile, the annual general meeting of SBT held here on Saturday has approved the proposed increase in borrowing limits to Rs 100 crore from the existing limit of Rs 50 crore in view of the new diversified project - biodiesel. In a press release here, the SBT Managing Director, Mr N. Satish Kumar, said the company has been making all efforts to ensure commercial operations of the bio-diesel unit by current fiscal-end.
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