Bengaluru, April 30 -- The share of this company, which is engaged in diverse sectors including textile fabric trading, land trading, and hospitality, came into focus today after it announced a rights issue.

With a market capitalization of Rs 113 crore, Gujarat Cotex Ltd's shares on Thursday made a day high of Rs 11.49 per share, up by 1.6 percent from its previous day's close price of Rs 11.31 per share. The share of the company has given a return of 1,376.62 percent in the last five years.

What happened

Gujarat Cotex Ltd has launched a rights issue to raise Rs 42.73 crore to support expansion across its diversified businesses. The issue, priced at Rs 5 per share, opened on April 10 and will close on May 8, 2026, offering shareholders...