Penny stock below ₹5: Vikas Lifecare share price rises in intraday trades on Friday after fundraising.
The Vikas Lifecare penny share price opened at ₹4.44 on Friday on the BSE, slightly higher than the closing price of the previous days ₹4.43. However, the Vikas Lifecare penny share price subsequently rose 1.8% to its highest today. ₹4.51, an increase of almost 2% despite weakness in the markets
Vikas Lifecare’s share price is up more than 6% in the past month, recovering well from a 52-week or 1-year low ₹4.05 seen in November 2024.
The Board of Directors of Vikas Lifecare approved the fundraising and issuance of securities by the company on Friday, December 20, 2024 at the registered office of the company
According to the company, in order to increase its resources in the long term and to finance organic/inorganic growth opportunities in the area of the company’s operations and adjacent areas, it plans to raise funds, subject to all necessary approvals, if applicable , by way of issue of shares or a combination thereof through QIP, FCCB, further public offering and rights issue or through any other permitted mode or a combination of modes. The approved fundraising by the board of Vikas Lifesciences does not exceed ₹200 Crore (Rupees Two Hundred Crore)
