ITI soars 10% as board plans to mull equity share issue to the government

The company has undertaken many initiatives or projects, in order to boost their turnover and implement the revival plan.

Shares of ITI edged higher by 10 per cent to Rs 113 apiece in Wednesday’s intra-day trade, on the back of heavy volumes, ahead of their scheduled board meeting to consider issue of equity shares to the government.

At 11:20 am; the stock traded 8 per cent higher at Rs 111.95, as compared to 0.22 per cent decline in the S&P BSE Sensex. The average trading volumes on the counter jumped over 9-fold, as around 6.05 million equity shares changed hands on the NSE and BSE.

“A meeting of the board of directors of the company will be