Goa Carbon to raise Rs200 crore via rights issue; Stock gains 1%

30 Sep 2022 , 09:17 AM

Goa Carbon has informed that the Board of Directors at its meeting held on Thursday have approved the raising of funds.

As per the filing, the Board approved fund raising through issuance and allotment of equity shares having face value of 10/- each up to an aggregate amount of Rs200 crore (Rupees Two Hundred Crores), on rights basis to the eligible equity shareholders of the Company, as on the record date.

The board also approved other related matters including the constitution of a Rights Issue Committee to implement the proposal of Rights Issue, the company said.

At around 9:17 AM, Goa Carbon Ltd is currently trading at Rs425.50 per share up by Rs4.5 or 1.07% from its previous closing of Rs421 per share on the BSE.

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