New Delhi, Jan. 29 -- Hazoor Multi Projects share price was locked at 5% upper circuit on Wednesday after the company's board approved fundraising and new business activity of renewable energy.

Hazoor Multi Projects shares jumped 5% and froze at upper circuit of Rs.53.83 apiece on the BSE on January 29.

The board of directors of Hazoor Multi Projects at its meeting held on 28 January 2025 has approved fundraising of up to Rs.383.78 crore through preferential issue of shares. It also approved the alteration in the object clause of the MoA to include new business activity of renewable energy.

To expand into the emerging sector of Green Energy and related businesses, alongside its existing operations, Hazoor Multi Projects' board approved...