Moneycontrol
Jan 03, 2013 12:34 PM IST | Source: Moneycontrol.com

Nouveau Global jumps 5% ahead of board meeting

Nouveau Global Ventures gained as much as 5 percent intraday on Thursday ahead of board meeting on January 7, 2012.

Nouveau Global jumps 5% ahead of board meeting

Nouveau Global Ventures gained as much as 5 percent intraday on Thursday ahead of board meeting on January 7, 2012.


The board of directors of the company will discuss ways and means for raising fund upto Rs 100 crore in equity or debt form for the business expansion.


They will discuss future plan of Nouveau Global Ventures Ltd after the demerger of the two division of the company (Nouveau Global Ventures Ltd) i.e. Agriculture division into Pearl Agriculture Ltd and Electronics division into Pearl Electronics Ltd, according to a release.


At 12:24 hours IST, the stock rose 2.57 percent to Rs 25.90 on the Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 480.52 crore.

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