The company has proposed to issue 1,30,18,293 preferential equity shares to State Bank of Mysore.
State Bank of Mysore is not a promoter of the company.
Before the issue of preferential shares, State Bank of Mysore holds 3457914 equity shares which forms 0.43% of the holding.
After issuing of preference shares, the bank will hold 1,64,76,207 shares, which forms 2.03% of the holding.
The company’s revenue has declined in the quarter ended on September 30, 2016 by 15.2% as compared to the previous quarter.
Shriram EPC Limited is a provider of integrated design; engineering, procurement, construction; and project management services.
The Company operates through three segments: Contracts, Windmill and Trading.
Shriram EPC Ltd ended at Rs 28.5, down by Rs 0.55 or 1.89% from its previous closing of Rs 29.05 on the BSE.
The scrip opened at Rs 29.05 and touched a high and low of Rs 29.05 and Rs 28.4 respectively. A total of 186451(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2232.99 crore.
The BSE group 'B' stock of face value Rs 10 touched a 52 week high of Rs 40.8 on 07-Nov-2016 and a 52 week low of Rs 19 on 08-Jun-2016. Last one week high and low of the scrip stood at Rs 30.95 and Rs 28.4 respectively.
The promoters holding in the company stood at 21.11 % while Institutions and Non-Institutions held 75.75 % and 3.13 % respectively.
The stock traded below its 50 DMA.
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