International BusinessDish TV gains on fund raising plans
Dish TV has advanced nearly 2% to Rs 44. The stock has touched a high of Rs 45 and a low of Rs 43 during the day. The counter saw trades of 2.56 million shares as against its two-week average quantity of 3.8 million.
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Dish TV surged 4% to Rs 45.40 in early trades on back of plans to raise funds up to $200 million.
As per reports, the company plans to raise $200 million (around Rs 1,000 crore) by way of equity issue in either domestic or international markets.
The stock has pared most of its gains and is now up 1% at Rs 44. The counter has clocked a volume of around 1.04 million shares as against its two-week daily average traded volume of around 3.85 million shares on the BSE.