This company hits upper circuit as company to consider fundraising of up to Rs 2,500 crore | Check Details Here
GH News September 24, 2025 06:06 PM

Shares of Excel Realty N Infra Limited hit a 2 per cent upper circuit on September 24 2025. This was despite the early trade fall in benchmark indices Sensex and Nifty influenced by foreign fund outflows and concerns over the steep hike in US H-1B visa fees. The stock was locked at 2 per cent upper circuit of Rs 1.54 apiece on the National Stock Exchange (NSE) in the opening session amid firm buying. Around one crore equity shares of the company changed hands on stock exchanges today.
The action in the stock comes as the company in a proactive move has informed exchanges that its board of directors will discuss and evaluate a proposal to enhance the fund-raising limit to up to Rs 2500 crore.
According to the information shared with the exchanges the company is considering a range of fundraising methods including preferential allotment issue of convertible warrants Foreign Currency Convertible Bonds (FCCBs) Qualified Institutional Placement (QIP) or other permissible instruments. This demonstrates a comprehensive approach to fundraising subject to approvals from shareholders regulators and other stakeholders.
Earlier the board had approved fundraising of up to Rs 500 crore at its meeting held in August. During the meeting the board will also consider increasing the authorised capital of the company from Rs 500 crore to Rs 2500 crore.
The 30-share BSE Sensex dropped 380.48 points to 81721.62 in early trade. The 50-share NSE Nifty declined 106.45 points to 25063.05.
From the Sensex firms Tech Mahindra Tata Motors ICICI Bank Bharti Airtel Tata Consultancy Services Axis Bank Titan and Kotak Mahindra Bank were among the major laggards. However Trent NTPC State Bank of India and Asian Paints were among the gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3551.19 crore on Tuesday according to exchange data.