The board has cleared plans to raise up to ₹1,800 crore through multiple routes, including a qualified institutions placement (QIP), a preferential issue and other permissible modes.
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Shares of PTC Industries Ltd. are expected to remain in focus on Monday, June 29, after the company’s board approved a series of fundraising and borrowing proposals.
The board has cleared plans to raise up to ₹1,800 crore through multiple routes, including a qualified institutions placement (QIP), a preferential issue and other permissible modes.
It also approved providing loans, guarantees, securities and investments of up to ₹2,000 crore.
In addition, the board approved increasing the company’s borrowing limit to ₹600 crore from the existing ₹350 crore.
PTC Industries shares ended Thursday’s session 0.14% higher at ₹17,429.95 apiece. The stock has declined nearly 5% so far in 2026.
