EPC Industrie is one of our past recommendation @ Rs.61 (Old Report HERE) . Yesterday company announced the entry of Mahindra and Mahindra (M & M) as one of the promoter ,by way of issuing 65.58 lac equity shares on preferential basis which is close to 40% of the total equity. This is expected to a big relief for EPC which was struggling to utilize the available opportunities due to lack of working capital.CMP is Rs.76.95
Wednesday, 9 February 2011
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