Asian Granito: Focus on fund-raising plans

The board of directors of Asian Granito India will meet on Tuesday to consider and approve raising of funds by way of issue of equity shares on preferential basis for the company. Shareholders of the tile maker would be keen to know the size of the issue, the number of shares to be offered, to whom (promoters or QIP), and at what price. Asian Granito had reported a profit of ₹1.11 crore for the July-September period of the current fiscal on revenues of ₹246.12 crore.