Business Standard

Punjab Chemicals surges 12% on fund raising plan

The stock surged 12% to Rs 478, also its record high on the BSE, after the company announced that its board will meet on Friday, December 8, 2017 to consider fund raising plans

agriculture, crop, farming, monsoon
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SI Reporter Mumbai
Punjab Chemicals and Crop Protection surged 12% to Rs 478, also its record high on the BSE in intra-day trade, after the company announced that its board will meet on Friday, December 8, 2017 to consider fund raising plans.

On November 16, the company said the board will consider the un-audited financial results for the second quarter and half year ended September 30, 2017 (Q2FY18).

The company on Monday, after market hours said that the board will also consider the option to raise long term resources by way of further public offering/rights issue/Global Depository Receipts/

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