Shares of Delta Corp spiked over 7 per cent on the Bombay Stock Exchange (BSE) ahead of the board meeting today to consider fund raising plans by issue of equity shares or such other securities.
"The board of directors of company is proposed to be held on Wednesday, 22nd March, 2017 to consider and approve raising funds by issue of equity shares or such other securities, as may be permitted, by way of a public or private offering," said Delta Corp in a filing to BSE.
Ahead of board meeting, shares of company gained as much as 7.18 per cent to hit intra-day high of Rs 181.30 apiece on the Bombay Stock Exchange.
In a similar fashion, stocks of company surged 6.61 per cent to Rs 180.60 apiece on the National Stock Exchange.
Meanwhile, the broader benchmark BSE Sensex was trading at 29,253.14, down 231.21 points, or 0.79 per cent at 11:55 hours.