Kreon Finnancial board to consider raising funds via rights issue on Oct 18; Stock hits new highs

The Company’s tie up with ICICI, Yes bank and PayTM is an added advantage in the growth perspective of the Company.

Oct 13, 2021 12:10 IST India Infoline News Service

Kreon Finnancial Services Ltd has informed to the exchanges the meeting of the Board of Directors of the Company to be held on Monday, October 18, 2021.

The Board of Directors to consider and approve the proposal for raising of funds by way of issuance of equity shares as right issue to the existing shareholders, said company in a regulatory filing.

The Company also provided an overall summary of the operating performance and demand trends till the quarter ended September 30, 2021 to the exchanges.

The Company’s tie up with ICICI, Yes bank and PayTM is an added advantage in the growth perspective of the Company.

At around 12:25 PM, Kreon Finnancial Services was trading at Rs22.53 per piece up by Rs1.07 or 4.99%.

Previously, the scrip finished at Rs21.46 per piece on the Sensex.

Related Story

Open Free Demat Account (Rs699)