Sanghi Industries allots NCDs worth Rs305cr on private placement basis; stock ends 7% higher

The company allotted 3050 NCDs of Rs10 lakh each on Tuesday. The date of maturity is February 23, 2027.

Feb 23, 2021 03:02 IST India Infoline News Service

Sanghi Industries
Sanghi Industries Limited board on Tuesday has approved the allotment of 3050 listed, rated, secured, redeemable, Non-Convertible Debentures (NCDs) of Rs10 lakh each aggregating to Rs305cr on a private placement basis.

The date of allotment is February 23, 2021, and the date of maturity is February 23, 2027.

Sanghi Industries Ltd ended at Rs41.90 per piece up by Rs2.85 or 7.3% from its previous closing of Rs39.05 per piece on the BSE.

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