Vaibhav Gems to raise Rs 250 crore; share soars nearly 18%
Vaibhav Gems will raise Rs 250 crore and increase the authorised share capital to Rs 86 crore.
By INDIATIMES NEWS NETWORK |
MUMBAI: Shares of Vaibhav Gems soared nearly 18 per cent on the company's plans to raise Rs 250 crore and also to raise the authorised share capital to Rs 86 crore from Rs 76 crore at present.
The board has also approved the expression of interest from Nalanda India Fund to subscribe to the proposed issue 14.9 per cent of the existing capital.
At 11:58 AM, the share surged 17.65 per cent to Rs 218 with volume traded at 12,047 against two-week average of 470 shares.
The board has also approved the expression of interest from Nalanda India Fund to subscribe to the proposed issue 14.9 per cent of the existing capital.
At 11:58 AM, the share surged 17.65 per cent to Rs 218 with volume traded at 12,047 against two-week average of 470 shares.
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