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Himatsingka Seide Limited. ( (IN:HIMATSEIDE) ) has provided an announcement.
Himatsingka Seide Limited’s Board of Directors has approved a plan to raise up to Rs. 500 Crores through the issuance of equity shares or other eligible securities. This strategic move aims to enhance the company’s financial capacity, potentially impacting its market position and offering growth opportunities. The specifics of the issuance, including the type of security and timing, will be determined in due course, with further disclosures to follow.
More about Himatsingka Seide Limited.
Himatsingka Seide Limited operates in the textile industry, focusing on the production and distribution of silk and other luxury fabrics. The company is known for its high-quality textile products and has a significant market presence in India and internationally.
Average Trading Volume: 46,084
Technical Sentiment Signal: Sell
Current Market Cap: 14.83B INR
Find detailed analytics on HIMATSEIDE stock on TipRanks’ Stock Analysis page.