Elitecon International to consider ₹300 crore fundraise via QIP
Elitecon International will hold a Board meeting on July 25 to approve raising up to ₹300 crore via a Qualified Institutions Placement (QIP). This fundraising, subject to shareholder and regulatory approvals, aims to bolster the company's financial position. Elitecon's stock has delivered remarkable multibagger returns of 10,728% from its 52-week low.