 "Can Fin Homes hits new high ahead of board meet")
Shares of housing finance company Can Fin Homes has surged 7% to Rs 614 on the BSE ahead of the board meeting for rights issue on Monday, January 12, 2015.
The stock opened at Rs 579 and hit a new high of Rs 621 on BSE. A combined 210,294 shares changed hands on the counter till 1047 hours on BSE and NSE.
The board of directors of the Can Fin Homes is schedule to meet on January 12, 2015, to consider the size of the rights issue, rights issue ratio, price, record date and other matters relating to the proposed issue of equity shares of the company on rights basis. The company proposed to raise up to Rs 300 crore through rights issue.
The stock opened at Rs 579 and hit a new high of Rs 621 on BSE. A combined 210,294 shares changed hands on the counter till 1047 hours on BSE and NSE.
The board of directors of the Can Fin Homes is schedule to meet on January 12, 2015, to consider the size of the rights issue, rights issue ratio, price, record date and other matters relating to the proposed issue of equity shares of the company on rights basis. The company proposed to raise up to Rs 300 crore through rights issue.