Hitachi Energy India Limited saw its shares rise by nearly 3% on January 16, 2025, trading at ₹12,936.10, following an announcement regarding a board meeting scheduled for January 18, 2025. The board is set to discuss a proposal for raising funds through various financial instruments.
Key Details of the Announcement:
- Date of Board Meeting: January 18, 2025.
- Agenda: Consideration of fund-raising options, including:
- Issuance of equity shares and/or other securities.
- Convertible instruments such as warrants, debentures, or preference shares.
- Modes of fund-raising may include public issue, rights issue, preferential allotment, or Qualified Institutional Placements (QIP).
- Purpose: To strengthen the company’s financial base and support growth initiatives.
The proposed fund-raising will be subject to necessary approvals from shareholders and regulatory authorities. The company also reaffirmed the continuation of its trading window closure until two days post the board meeting, ensuring compliance with SEBI regulations.
Stock Performance:
- Previous Close: ₹12,672.00
- Current Price: ₹12,936.10 (up 2.08%).
- Day Range: ₹12,810.00 – ₹13,081.95.
- Market Cap: ₹548.93 billion.
Hitachi Energy’s robust performance reflects investor confidence in its growth trajectory and the potential impact of the upcoming fund-raising initiative.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always consult a financial advisor before making investment decisions.
