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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.
