Swan Energy witnessed an uptick in its shares on December 29, spurred by the board’s green signal to raise up to Rs 4,000 crore through the issuance of equity shares or other eligible securities. Following this approval, the company is set to seek the necessary nod for fundraising during an extraordinary general meeting (EGM) with its shareholders.
In the preceding trading session, Swan Energy stocks initially faced a 1 percent dip as foreign portfolio investor Hypnos Fund divested a 1.24 percent stake in the diversified business group. However, the stock rebounded later in the day, closing 1 percent higher at Rs 514.80.
The recent developments shared by the company have kept Swan Energy’s stock in the spotlight, reflecting the market’s response to these dynamic events.
