Can Fin Homes Limited saw its shares surge by over 2% after the company scheduled a Board of Directors meeting on October 22, 2024, to consider fundraising of up to ₹4,000 crore through the issuance of Non-convertible Redeemable Debentures (NCDs). These NCDs may be secured or unsecured and will be issued on a private placement basis in one or more tranches. This aligns with shareholder approval granted during the Annual General Meeting (AGM) held on August 7, 2024.
In the same meeting, the board will also review and approve the Un-Audited Standalone Financial Results for the second quarter and half-year ended September 30, 2024, along with the Limited Review Report for the period.
As of 9:46 AM, shares of Can Fin Homes were trading 2.07% higher at ₹889.95 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
