India's KBC Global hits 1-week high on fund raising plans

Dharan Infra-EPC

24/11/2022 04:35

** Real estate development company KBC Global's shares
 KBCG.NS  up as much as 3.9% at 2.7 rupees, highest level since
Nov. 16
    ** Stock set for third consecutive session of gains
    ** Co on Wednesday said it is considering raising funds by
issue of equity shares 
    ** The mode of issue to be decided at the board meeting
scheduled to be held on Nov. 26, co said in an exchange filing
    ** More than 400,000 shares traded by 0407 GMT, 0.2x their
30-day moving avg of more than 2.3 mln shares
    ** Up to Wednesday's close, KBC had fallen ~85.5% YTD
 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com;Mobile: +91 6001289066))