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The Economic Times
The Economic Times
Veer Sharma

ASM Tech shares rally 10% to record high as Radhakishan Damani, Mukul Agrawal join Rs 526-crore preferential issue

Mukul Agrawal Radhakishan Damani United Kingdom Avenue Supermarts SBI Mutual Fund

Shares of ASM Technologies rallied as much as 10% to hit an all-time high of Rs 6,990 on Wednesday after the company approved a Rs 525.99-crore preferential issue, with entities linked to Avenue Supermarts promoter Radhakishan Damani and investor Mukul Agrawal among the investors receiving shares.

The company’s board approved a preferential issue of up to 10.78 lakh equity shares with a face value of Rs 10 each at Rs 4,875 per share. The issue is worth Rs 525.99 crore, according to the company’s exchange filing.

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