New Delhi, Aug. 30 -- Shares of Excel Realty N Infra, a multibagger penny stock priced below Rs.2, will be in focus on Monday, September 1, after the company announced a Rs.500 crore fundraising plan.

In an exchange filing, post-market trading hours on Friday, Excel Realty N Infra announced that its Board of Directors have approved the issuance of equity shares through qualified institutional placement (QIP) for an amount worth Rs.500 crore.

"Board of Directors of the Company at its meeting held on August 29, 2025, has inter alia, considered and approved the following matters: Issue of Equity Shares through Qualified Institutions Placement ("QIP') for an aggregate amount up to Rs.500,00,00,000/- (Rupees Five Hundred Crores only)," the c...