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Kesoram Industries gains on seeking shareholders nod for raising funds up to Rs 650 crore

31 Dec 2015 Evaluate

Kesoram Industries is currently trading at Rs. 110.40, up by 3.20 points or 2.99% from its previous closing of Rs. 107.20 on the BSE.

The scrip opened at Rs. 109.00 and has touched a high and low of Rs. 110.40 and Rs. 109.00 respectively.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 148.85 on 13-Apr-2015 and a 52 week low of Rs. 69.50 on 15-Jun-2015.

Last one week high and low of the scrip stood at Rs. 111.50 and Rs. 106.40 respectively. The current market cap of the company is Rs. 1,211.00 crore.

The promoters holding in the company stood at 46.01% while Institutions and Non-Institutions held 8.77% and 38.80% respectively.

Kesoram Industries has sought shareholders’ approval to raise up to Rs 650 crore through issuance of securities and disposal of two undertakings in West Bengal. The company plans to utilize the proceeds of the proposed issue towards capital expenditure, working capital, reduction in debt as well as for general corporate purposes.

The company had earlier on December 19, 2015, received its board’s approval to raise around Rs 650 crore through issue of securities. The board also approved disposal and transfer of the company’s Spun Pipe and the Heavy Chemicals undertakings both located in West Bengal.

Kesoram Industries is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes. KIL is also listed on Societe de la Bourse de Luxembourg stock exchange.


Kesoram Industries Share Price

10.47 -0.45 (-4.12%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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