23 Feb 2022 , 02:24 PM
Welspun India Ltd stotcks in the fast lane on Wednesday after the announcement of fund raising proposal by the company.
The Board of Directors at its meeting held today, February 23, 2022, have approved raising of funds, by way of private placement, up to Rs500 crore, inter alia, by issuing non-convertible debentures (NCDs) or Commercial Papers, subject to approval of the shareholders.
At around 2:27 PM, Welspun India was trading at Rs112.25 per piece up by Rs5.6 or 5.25% against its previous closing of Rs106.65 apiece on the BSE.
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