What to watch. TRF board to meet for fund-raising plans

The board of directors of TRF is scheduled to meet on Friday to consider a fund-raising proposal. The company may issue preference shares or any other securities through one or more methods, including qualified institutional placement, private placement, rights issue or any other permissible mode or a combination thereof, subject to necessary approvals. Shareholders of TRF will closely track the quantum, the mode and the timing of the fund-raising plans.