New Delhi, Mar 31 (PTI) Shalimar Paints today said its Board will meet next week to consider various options for fund raising including issue of further shares on rights basis. Also Read - AIIMS Chief Guleria, Sanitation Worker Manish Receive First Shot of COVID Vaccine

“A meeting of Board of Directors of the company will be held on Friday, April 7, 2017 to consider various options for fund raising including issue of further shares on rights basis (Rights Offer),” Shalimar Paints said in a BSE filing. Also Read - Live Cricket Score Ind vs Aus 4th Test Day 2 Today's Match Live Updates Gabba, Brisbane: Play Abandoned Due to Wet Outfield

The company, however, did not elaborate on the quantum and purpose of raising funds. Also Read - PM Modi Launches India's Vaccination Drive, Gets Emotional as he Thanks Frontline Workers | Top Quotes From His Address to Nation

Shares of the company were trading 1.69 per cent lower at Rs 166 apiece on BSE.

This is published unedited from the PTI feed.