The stock gained further to a high of Rs 279 and finally ended with a gain of 3% at Rs 275. The counter witnessed trades of over 2.59 million shares on the BSE today.
________________________________________________ (Updated at 1246 hrs)
Sesa Goa has gained 2.8% or Rs 7.5 to Rs 274 on plans to raise funds for expansion purposes. After having opened at Rs 270, the stock has touched a high of Rs 276 and a low of Rs 266. A total of 1.4 million shares have been traded so far.
On Friday, Sesa Goa had announced plans to raise Rs 6,000 crore by issuing securities in the domestic and overseas markets.
The money would be garnered through the issue of foreign currency convertible bonds (FCCBs), qualified institutional placements, global depository receipts, warrants and other securities.
The shareholders would consider the matter at an extraordinary general meeting to be held on October 20.
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