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Penny stock under ₹10 Shah Metacorp jumps after declaration of ₹49.8 crore rights issue

As reported by mint - markets
Shah Metacorp share price rose over 6% after announcing a rights issue to raise ₹49.80 crore for expansion. The issue opens on 11 June, offering shares at ₹4.86 each to enhance shareholder stakes. The company also plans to acquire a 26% interest in renewable energy.
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