Tata Healthcare fund to buy 10.8% stake in this multibagger small-cap stock. Share hits life-time high
Multibagger stock: Sakar Healthcare shares are one of the multibagger stocks that Indian stock market has delivered in stock market rebound during post-Covid recovery. In near three years, Sakar Healthcare share price has ascended from around ₹50 apiece levels to ₹272 apiece levels, delivering to the tune of 450 per cent return to its positional long term shareholders in this time. However, the company has got a big boost through its preferential offer.
In its recently announced preferential issue, Tata Healthcare fund has bought around 10.8 per cent stake in the company. The multibagger stock informed Indian bourses about the development in its latest exchange communication. After the outbreak of this stock market news, huge buying interest developed in this small-cap multibagger stock.
Sakar Healthcare shares opened upside and went on to hit intraday high of ₹310 apiece on NSE, touching a new life-time high during early morning deals on Friday. Sakar Healthcare informed Indian stock market exchanges, on the company’s decision to raise nearly ₹60 crore via allotment of over 23 lakh equity shares at an issue price of ₹259.75 per equity share on a preferential basis. Most of the funds via this fund raise would be used to reduce debt and augment capacity addition plans for future growth.
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