New Delhi, May 15 -- Sepc Limited share price surged as much as 2 per cent in Thursday's trading session after the board approved rights issue worth Rs.350 crore.

At 12:05 pm, Sepc share price were trading at Rs.15.49 apiece. The small-cap stock rallied over 18 per cent in four days.

The small-cap share has also given multibagger returns by soaring over 102.77 per cent in five years.

"We had informed you that the Board of Directors and the members of the Rights Issue Committee of the Company had approved the offer and issuance of partly paid-up Equity Shares of the Company, by way of a Rights Issue up to an aggregate amount of Rs. 35,000 Lakhs (the "Rights Issue"), in accordance with the Companies Act, 2013, as amended and the rules ma...