Websol Energy System gallops 20%; gets RBI approval for restructuring of FCCBs

India Infoline News Service | Mumbai | September 23, 2016, 16:26 IST

The company announced that the Reserve Bank of India (RBI) approved the restructuring of outstanding foreign currency convertible bonds (FCCBs) subject to certain conditions.

Websol Energy System hit 20% upper circuit after the company announced that the Reserve Bank of India (RBI) approved the restructuring of outstanding foreign currency convertible bonds (FCCBs) subject to certain conditions.

The scrip opened at Rs. 36.55 and has touched a high and low of Rs. 42.15 and Rs. 36.55 respectively. So far 1373109(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 77.24 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 62.2 on 31-Mar-2016 and a 52 week low of Rs. 16.65 on 01-Oct-2015. Last one week high and low of the scrip stood at Rs. 37.8 and Rs. 35 respectively.

The promoters holding in the company stood at 27.62 % while Institutions and Non-Institutions held 13.44 % and 58.94 % respectively.

The stock is currently trading above its 200 DMA.

***Note: This is a NSE Chart

 

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