Shares of Titagarh Wagons (TWL) rallied 8 per cent to hit a new high of Rs 427 on the BSE in Friday’s intra-day trade ahead of its board meet on Saturday to consider fund raising plan.
A meeting of the board of directors of the company is scheduled on Saturday, June 10, 2023 to consider, evaluate and approve inter alia a proposal to raise funds.
The company said the fund raise will be considered by issue equity of shares or other securities including through preferential issue, qualified institutional placement, rights issue, or through any other permissible mode or a combination thereof, subject to such regulatory approvals.
