Bengaluru, June 24 -- A specialty chemicals stock, known for its agrochemicals and global B2B exports, jumped over 8% during the Tuesday session after the board approved a Rs 250 crore rights issue plan.

With the market capitalization of Rs 1,612 Crores, the shares of Astec LifeSciences Ltd jumped up to 10% making an intraday day high of Rs 838.85 per share from its previous closing price of Rs 765.70 per share.

Astec LifeSciences Ltd, has approved raising up to Rs 250 crore through a rights issue of fully paid-up equity shares of Rs 10 each. The issue will be offered to eligible shareholders as on the record date, which will be announced later.

Key terms such as the issue price, entitlement ratio, and payment schedule will be finalise...