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Sakthi Finance gains on plan to raise Rs 100 crore via SRNCDs issue

25 Feb 2015 Evaluate

Sakthi Finance is currently trading at Rs. 17.35, up by 0.15 points or 0.87% from its previous closing of Rs. 17.20 on the BSE.

The scrip opened at Rs. 16.70 and has touched a high and low of Rs. 17.45 and Rs. 16.70 respectively. So far 3290 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.90 on 27-Aug-2014 and a 52 week low of Rs. 10.00 on 04-Mar-2014.

Last one week high and low of the scrip stood at Rs. 17.95 and Rs. 15.00 respectively. The current market cap of the company is Rs. 85.00 crore.

The promoters holding in the company stood at 64.21% while Non-Institutions held 35.78% stake in the company.

Sakthi Finance has decided to raise Rs 100 crore by issuing secured redeemable non-convertible debentures (SRNCDs) of face value of Rs 100 each. The issue will open from February 27 and shall close on March 19, 2015. The net proceeds raised through the issue will be utilized for financing activities (75 percent) and for general corporate purposes (25 percent).

Sakthi Finance provides a wide variety of loans for cars, commercial vehicles, plant machinery and equipment are available and it is one of the first companies to introduce used vehicle financing.

Sakthi Finance Share Price

27.30 -0.30 (-1.09%)
30-Apr-2026 16:59 View Price Chart
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