This microcap stock surges 20% on announcing 1:3 rights issue
- Posted on October 1, 2024
- By Business News Today
- 4 Views
This microcap stock surges 20% on announcing 1:3 rights issue
Vipul Organics shares surged 20% after announcing a rights issue. The company plans to raise up to Rs 25 crore through the issue, which is priced at a 79.3% discount to the previous closing price. The funds will be used for capacity expansion at its Sayakha facility.
