Deepak Nitrite surges on raising Rs 83.30 crore through private placement

08 Jan 2016

Deepak Nitrite is currently trading at Rs. 74.00, up by 1.00 points or 1.37% from its previous closing of Rs. 73.00 on the BSE.

The scrip opened at Rs. 74.00 and has touched a high and low of Rs. 74.05 and Rs. 74.00 respectively. So far 651 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 86.90 on 28-Jan-2015 and a 52 week low of Rs. 54.50 on 08-Sep-2015.

Last one week high and low of the scrip stood at Rs. 75.40 and Rs. 72.50 respectively. The current market cap of the company is Rs. 848.90 crore.

The promoters holding in the company stood at 57.28% while Institutions and Non-Institutions held 5.74% and 36.98% respectively.

Deepak Nitrite has raised Rs 83.30 crore from institutional investors through private placement of shares. The project funding committee of board of directors of the company at its meeting has approved the allotment of 1,17,50,000 shares of Rs 2 each at Rs 70.90 apiece.

Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals and a world leader in 2,4 and 2,6 Xylidine.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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