Shares of dyes and chemicals manufacturer Kiri Industries today touched its maximum limit for the day on the company's plans to raise funds worth up to Rs 300 crore through various options.
After starting the day on a bullish note, the scrip touched its upper circuit limit at Rs 91.40, up 5% on the BSE.
Similarly, at the NSE, the stock surged 4.98% to Rs 91.65.
The company said that its board has agreed to the proposal for raising of funds up to Rs 300 crore by ways of QIPs, domestic convertible bonds, non-convertible debentures with warrants, FCCBs, GDRs or preferential allotment of equity.
