India's BGR Energy rises after fundraise approval
05/07/2024 08:13
** Shares of India's BGR Energy BGRE.NS up ~5%, hitting
session high of 44.1 rupees
** Engineering firm's board approved fundraise worth up to
10 bln rupees ($120 mln) via rights issue
** Stock eyes best week since mid-May, if gains hold
** Trading vols 1.5x 30-day avg
** Stock has lost ~55% YTD
($1 = 83.4850 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
((Hritam.Mukherjee@thomsonreuters.com;))
Recent news on BGR Energy Systems
See all newsBrief: Bgr Energy Systems Enters Into Master Restructuring Agreement With National Asset Reconstruction Company
Brief: BGR Energy Systems Approved Re-Appointment Of Arjun Govind Raghupathy As MD
Brief: BGR Energy Systems Gets Tax Penalty Of 3.1 Million Rupees
Brief: BGR Energy Systems Says Tax Authority Reduces Demand To 210.5 Million Rupees
Brief: BGR Energy Systems Says Tax Demand Reduced From 2.1 Billion Rupees To 1.08 Billion Rupees