Stock Market Today, May 7 -- Small-Cap Defence stock remains in focus on Wednesday, 7 May 2025. The said date remains the record date to identify eligible shareholder to be benefit from the rights issue by Avantel. The company through the rights share issue. plans to raise Rs.80.90 crore

Avantel has informed the BSE and the National Stock Exchange of India (NSE) that the conditions of the rights issue had been reviewed and approved by the Board of Directors during their May 1, 2025, meeting.

The raised funds will be used to upgrade the infrastructure of the company's industrial facilities. On May 15, 2025, the rights issue will open, and on May 22, 2025, Avantel Rights issue will end.

According to the press release by Avantel, fully pa...