Shares of Vodafone Concept on Thursday zoomed almost 30 per cent forward of its board assembly on Friday to contemplate fundraising by means of varied means. The inventory jumped 26.74 per cent to shut at Rs 12.56 on the BSE. Through the day, it zoomed 29.96 per cent to Rs 12.88 — its 52-week excessive. On the NSE, it rose 29.79 per cent to shut at Rs 12.85.
Within the earlier commerce, it had gained 11.47 per cent on the BSE.
Vodafone Concept Ltd, in a late-night submitting to the BSE on Monday, stated the assembly of the board of administrators of the corporate is scheduled on September 4, 2020.
The board on the assembly will “take into account and consider any and all proposals for elevating of funds in a number of tranches by the use of a public concern, preferential allotment, non-public placement, together with a certified establishments placement or by means of some other permissible mode and/or mixture thereof…by the use of concern of fairness shares or by the use of concern of any devices,” the submitting had stated.