Moneycontrol PRO
Open App

Bombay Dyeing spikes as fundraising via rights issue coming up for board discussion this week

The stock, which rose 7.41 percent to Rs 108 on BSE, is down nearly three percent this year

September 20, 2022 / 10:39 AM IST
Bombay Dyeing and Manufacturing Company: Bombay Dyeing board to consider fund raise via rights issue on September 22. The company said the board of directors on September 22 will consider a proposal of raising of funds by issue of equity shares on rights basis.

Bombay Dyeing and Manufacturing Company: Bombay Dyeing board to consider fund raise via rights issue on September 22. The company said the board of directors on September 22 will consider a proposal of raising of funds by issue of equity shares on rights basis.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Shares of Bombay Dyeing spiked on September 20 after the company said its board will meet later this week to discuss raising funds by way of a rights issue.

“A meeting of the board will be held on Thursday, September 22, to consider, among other things, proposal of raising of funds by issue of equity shares by way of a rights issue to eligible shareholders,” the company said in a filing.

The issue will be subject to regulatory/statutory approvals and other incidental/related matters.

Follow our live blog for more market updates

The stock, which rose 7.41 percent to Rs 108 on BSE, is down nearly three percent this year.
Moneycontrol News
first published: Sep 20, 2022 10:39 am
Sections
ISO 27001 - BSI Assurance Mark