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.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on August 21, 2019
This article is closed for comments.
Please Email the Editor