New Delhi, July 19 -- Shares of Elitecon International will be in focus on Monday, July 21, as the company in its filing said that board of directors is set to convene to discuss and approve the raising of capital by issuing equity shares via a Qualified Institutions Placement (QIP) valued at Rs.300 crores on Friday, July 25.

"Raising of funds by issue of equity shares through QIP for an aggregate amount up to Rs.300,00,00,000 subject to the receipt of approval of the members of the company and such other approval(s)/ permission(s)/ consent(s)/ sanction(s) of any government/regulatory/ statutory authorities, as may be required," said the firm.

Over the last month, Elitecon International has demonstrated exceptional performance, register...