 "Can Fin Homes hits record high on rights issue plan")
Can Fin Homes have moved higher by 3.5% to Rs 577 on BSE after the housing finance company announced a fund raising plans through rights issue.
“A meeting of the board of directors of the company will be held on January 12, 2015, to consider the size of the rights issue, rights issue ratio, price, record date and other matters relating to the proposed issue of equity shares of the company on rights basis,” Can Fin Homes said in a statement.
On July 24, 2014, the board had already approved to raise funds for an amount up to Rs 300 crore, as applicable by way of issue of equity shares of the company to its eligible shareholders on a rights basis.
The stock opened at Rs 559 and touched a record high of Rs 592 on BSE. The trading volumes on the counter more than doubled with a combined 255,420 shares changed hands till 1218 hours on BSE and NSE.
“A meeting of the board of directors of the company will be held on January 12, 2015, to consider the size of the rights issue, rights issue ratio, price, record date and other matters relating to the proposed issue of equity shares of the company on rights basis,” Can Fin Homes said in a statement.
On July 24, 2014, the board had already approved to raise funds for an amount up to Rs 300 crore, as applicable by way of issue of equity shares of the company to its eligible shareholders on a rights basis.
The stock opened at Rs 559 and touched a record high of Rs 592 on BSE. The trading volumes on the counter more than doubled with a combined 255,420 shares changed hands till 1218 hours on BSE and NSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%