Kwality witnessed a rise in share price on Wednesday after the company is planning to raise funds upto Rs 3 billion by way of term loan and issue of non-convertible debentures (NCDs). The meeting of the board of directors of the company will be held on June 24, 2016, inter alia, to raise funds.

Shares of Kwality  are trading at Rs 109.90, up Rs 1.3, or 1.20%  at the Bombay Stock Exchange (BSE) on Wednesday at 1:07 p.m.

The scrip has touched an intra-day high of Rs 111.70 and low of Rs 109.70. Total volume of shares traded on the bourses today was lower by 56.85% to 467,540 compared with 22-day average volume of 1,083,549.