New Delhi, Sept. 9 -- Shares of ASM Technologies surged sharply on Wednesday, climbing as much as 10% to touch an all-time high of Rs.6,990. The rally came after the company's board approved a Rs.525.99-crore preferential issue, with four non-promoter investors set to receive shares, including entities associated with Avenue Supermarts promoter Radhakishan Damani and investor Mukul Agrawal.

The board has cleared the preferential allotment of up to 10.78 lakh equity shares, each having a face value of Rs.10, at an issue price of Rs.4,875 per share. The proposed issue will raise Rs.525.99 crore, according to the company's exchange filing. The board's approval covers 10,78,974 equity shares and the issue is subject to the required sharehold...