Shares of Hatsun Agro Products rose nearly 3% to Rs 300 after the company said its board will meet on September 23, to consider issue of shares on a preferential basis.
The board will consider the proposal for issue and allotment of Securities on preferential basis to select persons/entities on such terms and conditions and on such price not lower than the price to be determined by SEBI (ICDR) Regulations, the company said in a release to the Bombay Stock Exchange.
However, the above proposal would be subject to the approval of the members, the release said.
The stock opened at Rs 295 and touched a high of Rs 305 as of now. Over 16,000 shares were traded on both the stock exchanges so far.
