The stock is now locked at Rs. 12.74 on plans to raise fresh funds.
Next Mediaworks has rallied 20 percent to
hit upper circuit at Rs. 12.74 after the company informed the BSE that its arm
Next Radio is planning to raise up to Rs.115 crore through a debt and share
issue. The stock is now locked at Rs. 12.74. The BSE counter has seen 2.8-times
jump in volume with trades of around 26,000 shares, as against two-week daily
average volume of 9,307 shares. Meanwhile, the Sensex has jumped 194 points at
27,310.
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