Australia's Avenira falls on discounted capital raising
17/08/2026 04:26
BUZZ-Australia's Avenira falls on discounted capital raising ** Shares of Australia's Avenira AEV.AX fall as much as 12.5% to A$0.007, logging their biggest intraday pct drop since August 3
** Fertiliser-focused project developer says it is undertaking a three-for-two renounceable rights issue at 0.6 Australian cents per share, to raise up to A$49 million ($34.75 million)
** Co says issue price at 25% discount to stock's last close
** Stock flat this year, including the day's move
($1 = 1.4100 Australian dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
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