They are to come out with QIP for 500 crores before march 2010. So before that they must pull the price upto atleast Rs 50. They had come out with the public issue @ Rs. 33.40 in March 2008. Afterwards lot many developments have happened, so obviously they will not like to issue share below Rs. 50. To get that rate for QIP of Rs. 500 crores, they have no option other than pulling the market price to atleast Rs. 50 before March 2010.
| NIFTY 
