New Delhi, June 22 -- Sumeet Industries share price edged higher in Monday's trading session as the Rs.199.75 crore rights issue opens today. The stock opened at Rs.26.51 apiece today, as compared to previous close of Rs.25.84 on Friday. The stock touched an intraday high of Rs.26.60 per share on NSE on 22 June.

In an exchange filing dated 19 June, Sumeet Industries announced a Rights Issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the company's strategic business priorities.

The Board of Directors of the company approved the terms of a Rights Issue aggregating to Rs.199.75 crore through the issuance of Rs.16.84 crore fully paid-up equity shares.

The shares are being offered at a price of Rs....