ASM Tech shares rally 10% to record high as Radhakishan Damani, Mukul Agrawal join Rs 526-crore preferential issue

Synopsis ASM Technologies share price rallied sharply on Wednesday to hit a record high after the company approved a Rs 526-crore preferential issue involving entities linked to Radhakishan Damani and Mukul Agrawal. The engineering services firm will issue 10.78 lakh shares at Rs 4,875 apiece, while existing investors will gain fresh exposure. Listen to this article in summarized format Loading… × Shares of ASM Technologies rallied as much as 10% to hit an all-time high of Rs 6,990 on Wednesday after the company approved a Rs 525.99-crore preferential issue, with entities linked to Avenue Supermarts promoter Radhakishan Damani and investor…