Bombay Dyeing to raise funds through Rights Issue

Shares of Bombay Dyeing spiked on September 20 after the company said its board will meet later this week to discuss raising funds by way of a rights issue. “A meeting of the board will be held on Thursday, September 22, to consider, among other things, proposal of raising of funds by issue of equity shares by way of a rights issue to eligible shareholders,” the company said in a filing.

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