26
Jul
New Delhi (India) July 26 : KSHITIJ POLYLINE RAISES 25 CRORES FROM RIGHT ISSUE. TATA PLANNING TO TAKE 20% STAKE IN COMPANY. ANALYST RECCOMENDING A BUY WITH 1 YAER TARGET OF 150/- FOR THE STOCK. The company has raised Rs 25 crores from its recently closed rights issue. “The proceeds from this rights issue will be strategically utilized to reduce our debt and procure new machinery, aligning with our goals for sustainable growth and enhanced operational efficiency. As a result, we anticipate that our existing finance cost of Rs 217.98 Lakhs will reduce by more than 50 per cent, while…
