Restaurant Brands Asia Limited (RBA) saw its shares jump more than 2% after announcing that its Board of Directors will meet on Friday, December 20, 2024, to discuss fundraising plans. The company is considering various options, including preferential issues, qualified institutional placements (QIP), or other permissible methods, subject to necessary regulatory and shareholder approvals.
Additionally, the Board may propose an extraordinary general meeting (EGM) or a postal ballot to secure shareholder consent for the fundraising initiative. The move signals RBA’s intent to bolster its financial position and drive future growth.
RBA shares opened at Rs 82.48, reaching a high of Rs 84.52 and a low of Rs 81.64 during trading. Over the past 52 weeks, the stock has fluctuated between a high of Rs 133.70 and a low of Rs 77.65.
As of 9:38 am, RBA shares were trading 2.29% higher at Rs 83.98 on the NSE.
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