Business Standard

Hi-Tech Pipes surges 18% as board to mull fund raising on November 24

The board will meet to consider fund raising through preferential issue of security(ies) to the person belonging to promoter/promoter group/non promoter group category

Steel pipes
Premium

Steel pipes

SI Reporter Mumbai
Shares of Hi-Tech Pipes moved higher by 18 per to its record high level of Rs 739.95 on the BSE in Tuesday’s intra-day after the company announced that the board will meet on Thursday, November 24, to consider fund raising via preferential issue.

"The meeting of the board of directors of the company will be held on Thursday, November 24, 2022, to consider, approve or recommend fund raising through preferential issue of security(ies) to the person belonging to promoter/promoter group/non promoter group category," Hi-Tech Pipes said in a regulatory filing, after market hours, on Monday.

The stock of

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 22 2022 | 3:32 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com