Shares of the dairy company Heritage Foods surged on September 30 after the company said its board had approved a 1:1 rights issue.

The board has approved a 1:1 rights issue of Rs 5 per share to existing company shareholders on the record date. Heritage Foods will issue 4,63,98,000 shares of Rs 5 par value at Rs 5 each at a price of Rs 23,19,90,000.

• Rail Vikas Nigam Shares Soar 10% on Securing Rs 837 Crore Order 
• IFCI Shares Skyrocket 15% as Board Approves Merger 
• Prakash Industries Shares Surge 7% on Acquiring 30-Year Mining Lease 
• Stocks Under F&O Ban: Gujarat Narmada Valley, Adani Enterprises, Hindustan Copper, and Others 
• Stocks in Focus: Tech Mahindra, Real Estate Stocks, Signature Global, and Others

The company said promoters and promoter groups could subscribe to all unsubscribed shares in the offering. The stock rose 12% to Rs 347 in BSE trading.