Goa Carbon board to consider rights issue on September 29; Stock plunges ~4%

26 Sep 2022 , 10:44 AM

Goa Carbon Limited has informed to the stock exchanges regarding fund raising approval from the Board of Directors of the Company.

As per the regulatory filing, a meeting of the Board of Directors of Goa Carbon scheduled to be held on Thursday, September 29, 2022, to consider matters related to raising of funds through issue of equity shares of the Company on rights basis to the existing equity shareholders of the Company and other matters related thereto.

This also includes the constitution of a Rights Issue Committee to implement the proposal of Rights Issue, the company said in a filing.

On Monday at around 10:45 AM, Goa Carbon Ltd is currently trading at Rs412.80 per share down by Rs16.7 or 3.89% from its previous closing of Rs429.50 per share on the BSE.

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