Reliance Capital surges nearly 3% on fund raising plans
Posted By: Religare
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Shares of Reliance Capital rose nearly 3 per cent in early trade on Bombay Stock Exchange (BSE) after the firm informed the stock exchanges that it was seeking shareholder approval for private placement of non-convertible debentures (NCDs) and issue of securities to qualified institutional buyers.
The shares of company rose as much as 2.54 per cent to trade at Rs 636.05 a piece on the BSE.
However, shares of the company rose 2.27 per cent to Rs 636.40 a piece on National Stock Exchange.
Meanwhile, the broader benchmark Sensex was quoting at 24,709.11, down 96.72 points or 0.39 per cent at 10.44 hours.