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Rossari Biotech slips 5% after board approves Rs 300 cr preferential issue

Rossari proposes to utilise the net proceeds to evaluate and invest in inorganic growth opportunities, within its core chemistries, with a view to diversify its product portfolio

Rossari Biotech | Buzzing stocks | Markets

SI Reporter  |  Mumbai 

Rossari Biotech slips 5% as board approves Rs 300 crore preferential issue

Shares of slipped 5 per cent to Rs 1,056.80 on the BSE in intra-day trade on Wednesday on profit booking after the company board gave a go-ahead to issue equity shares aggregating to Rs 300 crore on a preferential basis. The company is a manufacturer, providing intelligent and sustainable solutions for customers across industries. In the past four trading days, the stock has rallied 14 per cent.



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First Published: Wed, March 24 2021. 10:51 IST