ABG Shipyard up 6% as co calls EGM for increasing capital

Shares of ABG Shipyard rallied over 6 percent intraday on Thursday as the board of directors convened an extraordinary general meeting on March 29 for increasing authorised share capital.

March 06, 2014 / 12:23 IST

26 Aug, 2025 12:21

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Todays L/H

Moneycontrol Bureau

Shares of ABG Shipyard rallied over 6 percent intraday on Thursday as the board of directors convened an extraordinary general meeting on March 29 for increasing authorised share capital.

The board will consider and approve to increase the authorised share capital of the company from Rs 100 crore to Rs 17,000 crore.

It will also approve to empower the board for borrowing to the extend of Rs 20,000 crore and authorise for creation of charges on the movable and immovable properties of the company, upto the borrowing limit of Rs 20,000 crore.

At 11:09 hours IST, the stock was up 1.66 percent at Rs 256.70 amid large volumes on the Bombay Stock Exchange.

Posted by Sunil Shankar Matkar

first published: Mar 6, 2014 12:23 pm

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