RE: What does it mean?19 Oct 2021 21:17
No. It means the number of shares is fixed and does not change. If HICL is looking to make an investment into a new infrastructure project (like, hospital, road, bridge, police station etc) and they dont have enough money to invest, they can issue more shares and ask investors to give them the money in exchange = raising new funds = in exchange of new shares. At the point the number of fixed shares goes up. You as a retail investor, will unlikely be invited to give them the money. You can however buy the shares via your broker because they are traded on the stock exchange.