Prism Johnson to Explore NCD Issuance, Stock Soars (Image Source: iStockphoto)
On Wednesday, the shares of Prism Johnson witnessed a surge of over 5% to close at Rs 177.85 per share. This upturn follows the company’s recent announcement regarding a Board Meeting to discuss fundraising through the issuance of Non-Convertible Debentures (NCD).
Prism Johnson stated in its filing that the Board of Directors will convene on Friday, March 29, 2024. The agenda includes deliberation and approval on raising funds via the issuance of Non-convertible Debentures on a private placement basis.
As per the company’s filing on the BSE, “Pursuant to Regulation 29(1)(d) and 50(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company will be held on Friday, March 29, 2024, inter alia, to consider and approve raising of funds by issue of Non-convertible Debentures on a private placement basis.”
According to the BSE analytics, the shares have given returns of 10.48 per cent in the last 2 weeks, 37.39 per cent in the last 6 months and 67.45 per cent in the last 1 year.
The 52 week high and low of the share is Rs 199 and Rs 102.60 respectively.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TT Research DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
