Borosil Renewables surges 13% ahead of board meet for fund raise

The company will mull fund raise, which may include issuance of equity shares or any other securities of the company, through preferential issue on a private placement basis.

Shares of Borosil Renewables hit a record high of Rs 779, after rallying 13 per cent on the BSE in Friday’s intra-day trade in an otherwise weak market. The surge comes ahead of the board meet for fund raising through preferential issue on private placement basis.

The stock of flat glass manufacturer has rallied 20 per cent in the past three trading days. It surpassed its previous high of Rs 748 on December 17, 2021. At 11:00 pm; the stock traded 12 per cent higher at Rs 772, as compared to 0.73 per cent decline in the S&P BSE