New Delhi, Aug. 20 -- Vishal Fabrics share price jumped over 4% on Wednesday after Mauritius-based foreign institutional investor (FII) Elysian Wealth Fund raised its stake in the company through a preferential allotment. The small-cap stock rallied as much as 4.64% to Rs.36.94 apiece on the BSE.

Elysian Wealth Fund (formerly known as Silver Stallion Ltd) was allotted 80,67,176 equity shares of Vishal Fabrics, aggregating to 3.71% stake in the company, following the conversion of warrants, according to a stock exchange filing.

The fund earlier held 69,32,824 Vishal Fabrics shares, or 3.31% stake in the company. With the latest acquisition, the FII's shareholding in Vishal Fabrics has increased to 6.89% of the company's paid-up equity ca...