New Delhi, Nov. 27 -- FMCG stock Krishival Foods rose nearly 1% to Rs.480.25 apiece in Thursday's trading session after the company announced that the board has approved fundraising by issuance of partly paid-up equity shares.

The FMCG stock is just 5% away from its 52-week price of Rs.508. The stock has almost doubled investors wealth by surging over 91% in terms of year-to-date.

In an exchange filing, Krishival Foods announced that the board of directors, in a meeting held on November 26, approved fund raising by way of offer and issuance of partly paid-up equity shares.

According the filing, the company will issue equity shares worth Rs. 10,000 lakhs by way of a rights issue, with a face value of Rs.10, to eligible shareholders.

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