Overseas capital raising plan cheers Ashapura Minechem

DALAL STREET SPIKES

Ashapura Minechem jumped by Rs 31.80 on the BSE to close at Rs 813.70. The company had announced that a meeting of the board of directors of the company will be held on December 22 to consider raising of funds by way of preferential allotment of equity shares, FCCBs, GDRs, ADRs or any other instruments.

Further, the company will also consider raising the limit of FDI & FII investment in the company's equity share capital. The stock price firmed by four per cent on the BSE.