Thanga Mayil Jewellery shares jumped more than 4% in morning trade after the company announced that its board of directors will meet on Thursday, September 26 to consider funding options.
The meeting will address different ways of capital raising, such as the issuance of equity shares, convertible bonds, debentures, or other securities.
Subject to regulatory and statutory approval, the firm may raise funds through permissible avenues such as a rights issue, preferential issue, or qualified institutions placement (QIP).
As of 9:22 am, Thanga Mayil Jewellery shares were trading 2.02% higher at Rs 2,383.45 on the NSE.
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