Osia Hyper Retail gains on board approval of ₹650 cr capital plan
Osia Hyper Retail Limited shares surged 5% to ₹15.13, hitting upper circuits amid consecutive gains. The board approved raising ₹650 cr via QIP (₹200 crore), preferential allotment (₹100 crore), and convertible warrants (₹350 crore), plus increasing authorised capital to ₹500 crore. EGM on 22 September will approve allotment of 4,54,54,545 shares to Elitecon International (~11.91%).