Small-cap stock under ₹5: BSE listed penny stock Advik Capital hits upper circuit on fund raise update
Small-cap stock under ₹5: Shares of Advik Capital have been in uptrend since early morning deals. The small-cap penny stock under ₹5 today opened with an upside gap and went on to hit intraday high of ₹2.45 apiece levels on BSE, hitting 5% upper circuit within few minutes of stock market opening.
The small-cap penny stock is in news today for setting board meeting on 2nd September 2023 to discuss and approve terms and conditions for its upcoming rights issue to raise funds not exceeding ₹50 crore. Advik Capital Ltd has informed Indian stock market exchange that its board of directors are going to discuss terms and conditions in regard to its rights issue worth not exceeding ₹50 crore.
The BSE listed stock informed that upcoming board meeting has been fixed on 2nd September 2023. In this board meeting, company board is expected to discuss and declare rights issue price, rights issue entitlement ratio and other details.
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