Capacite Infraprojects hits 52-week high as firm's board to consider fundraising this week

Capacite Infraprojects share price: Shares of Capacite Infraprojects, the construction and engineering company, scaled a 52-week peak of Rs 193.35 apiece on the BSE in the early morning deals on June 6, Tuesday. The stock price gained after the company, in its regulatory filing, said the company will hold a board meeting on June 8, Thursday, to consider fundraising. On Monday, the scrip closed at Rs 183.10 on the BSE.

The stock surged 5.59 per cent to hit the 52-week high level during Tuesday's session. It finally ended at Rs 190, up 3.85 per cent.

The filing read, "Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on June 08, 2023, inter-alia, to discuss and consider:

• the proposal for raising of funds by way of a Preferential issue of equity shares of the Company pursuant to Section 23, 42,62 of the Companies Act, 2013 and as per the SEBI (Issue of Capital and Disclosure Requirements) Regulations,2018.
• any other matter with the permission of the Chair."

As per reports, ace investor Mukul Agarwal picked about a 1.91 per cent stake in the infrastructure company (CIL) during the March 2023 quarter. According to the latest shareholding pattern available with the exchanges, Agarwal holds about 13 lakh shares in the company. 

About Capacite Infraprojects 

Incorporated in 2012, Capacit’e Infraprojects is a focused EPC company that provides an end-to-end construction service for buildings and factories across sectors (including design and building services).