Speciality Restaurants surges 14%, nears 52-week high on fund raising plan

The company's board will meet on Wednesday, December 21, 2022, to consider and evaluate proposals for raising of funds by way of issue of equity shares or any other eligible convertible securities.

Shares of Speciality Restaurants has moved higher by 13 per cent to Rs 224.45 on the BSE in Monday’s intra-day trade after the company said its board will meet on Wednesday, December 21, to consider a proposal to raise funds. In comparison, the S&P BSE Sensex was up 0.37 per cent at 61,567. The stock quoted close to its 52-week high of Rs 242, touched on September 12, 2022.

“The meeting of the board of directors of the company is scheduled to be held on Wednesday, December 21, 2022, inter-alia, to consider and evaluate proposals for raising of funds