Stocks

Electrosteel Castings to raise ₹50 crore via preferential issue

| Updated on August 21, 2019 Published on August 21, 2019

Electrosteel Castings said it plans to raise ₹50 crore through a preferential issue of shares.

The board of directors on Wednesday said it has approved a proposal to allot 2.747 crore shares at ₹18.20 a share to Shree Khemisati Constructions Pvt Ltd, Global Exports, Mayank Kejriwal, Asha Kejriwal and Beigrave Investment Fund.

Shares of Electrosteel Castings slumped 3.97 per cent at ₹14.26 on the BSE.

Published on August 21, 2019
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