The company has informed BSE that the proposal to raise funds through Secured Redeemable Non-Convertible Debentures aggregating to Rs.150 crores on Private Placement basis, in compliance with applicable provisions of SEBI Circular dated April 21, 2016 on Electronic Book Mechanism, will be considered by the Financial Resources and Management Committee of Board of Directors at its meeting to be held on September 22, 2016.
The scrip opened at Rs. 96.55 and has touched a high and low of Rs. 97.2 and Rs. 96.2 respectively. So far 1009290 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 8112.78 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 98.85 on 19-Sep-2016 and a 52 week low of Rs. 22.15 on 24-Nov-2015. Last one week high and low of the scrip stood at Rs. 98.85 and Rs. 90.4 respectively.
The promoters holding in the company stood at 34.36 % while Institutions and Non-Institutions held 40.83 % and 24.81 % respectively.
The stock is currently trading above its 50 DMA.