Australia's LGI hits one-week high on fund raising

Lgi

23/10/2025 01:37

** Shares of LGI Ltd LGI.AX rise 5.2% to A$4.01, their highest level since October 16
** Renewable energy co raises A$51.2 million ($33.27 million) via placement and A$5 million via share purchase plan at A$3.85 per share
** Issue price is the same as stock's last close
** Stock up 37.6% YTD

($1 = 1.5389 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)