GMR Infrastructure Ltd plans to raise Rs.1,400 crore through issue of equity shares on a rights basis. The company in a regulatory filing has informed BSE that the board of directors on February 28 had finalised the terms and conditions of the issue of equity shares having face value of Re.1 each on a rights basis to its existing shareholders as on the record date.This means those who will buy the shares now will be entitled to Rights Issue at a later date.
Yesterday, I recommended IVRCL Ltd in facebook at around Rs.18, today the stock is now trading at Rs.19.80, up more than 9%.
Rasoya Proteins Ltd is going great today and is now trading near the the Upper Circuits (UC) in the BSE (at Re.0.44). Therefor, there are chances of its getting Freezed today at the UC. Keep an eye on the counter.