Ceigall plans to raise up to Rs 1,000 crore
CEIGALL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved raising up to Rs 1,000 crore through equity or other securities, including possible preferential issues, placements to institutions and rights issues. Structure, price and timing are not set, and shareholder approval is required by postal ballot. Authorized capital will rise from Rs 110 crore to Rs 120 crore. For the September quarter, consolidated revenue was Rs 1,022.48 crore and profit after tax was Rs 92.17 crore.
Funding can support growth and ease cash needs, but an equity issue may dilute existing shareholders. Price, instrument and final amount remain unknown.