Gulf Oil Corporation is currently trading at Rs. 151.00, up by 1.15 points or 0.77% from its previous closing of Rs. 149.85 on the BSE.
The scrip opened at Rs. 153.20 and has touched a high and low of Rs. 153.50 and Rs. 151.00 respectively. So far 317 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 197.00 on 07-Jul-2014 and a 52 week low of Rs. 75.65 on 30-Sep-2013.
Last one week high and low of the scrip stood at Rs. 182.00 and Rs. 148.10 respectively. The current market cap of the company is Rs. 748.54 crore.
The promoters holding in the company stood at 59.95%, while Institutions and Non-Institutions held 12.09% and 27.96% respectively.
Gulf Oil Corporation is planning to raise Rs 600 crore. In this regard, the company is seeking shareholders’ nod to pass a special resolution that will enable the company to raise up to Rs 600 crore such amount.
The company’s annual general meeting slated to be held later this week will place the special resolution to mop up Rs 600 crore either through an offer of foreign currency convertible bonds or qualified institutional placement or any other mechanism. Meanwhile, the company would also be seeking permission to list such securities in India and abroad.
Gulf Oil Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.
