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Petronet LNG surges on receiving shareholders’ nod for Rs 1,000 crore bonds issue

28 Sep 2015 Evaluate

Petronet LNG is currently trading at Rs. 178.00, up by 5.75 points or 3.34% from its previous closing of Rs. 172.25 on the BSE.

The scrip opened at Rs. 169.35 and has touched a high and low of Rs. 178.75 and Rs. 169.35 respectively. So far 38446 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 221.90 on 08-Jan-2015 and a 52 week low of Rs. 159.80 on 27-Apr-2015.

Last one week high and low of the scrip stood at Rs. 183.00 and Rs. 170.40 respectively. The current market cap of the company is Rs. 13290.00 crore.

The promoters holding in the company stood at 50.00%, while Institutions and Non-Institutions held 27.41% and 22.59% respectively.

In order to pay some of its existing debt, Petronet LNG, India’s biggest importer of liquefied natural gas, has received shareholders' approval to raise Rs 1,000 crore through bonds this fiscal. The company’s shareholders at its annual general meeting (AGM) on September 24, 2015 approved the proposal to raise Rs 1,000 crore through issuance of secured/unsecured non-convertible debentures through private placement in one or more tranches during the financial year ending March 31, 2016. The company has also received shareholders' approval for raising cap on foreign portfolio investors or FII shareholding in the company from 24 per cent to 30 per cent of paid up capital.

Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.

Petronet LNG Share Price

273.05 1.50 (0.55%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Petronet LNG 273.05
Bharat Coking Coal 35.75
Linde India 7234.30
Refex Industries 244.75
IRM Energy 220.60
View more..

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