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Nandan Denim spurts on plan to raise Rs 100 crore through warrants issue

30 Sep 2016 Evaluate

Nandan Denim is currently trading at Rs 130.30, up by 0.85 points or 0.66% from its previous closing of Rs. 129.45 on the BSE.

The scrip opened at Rs. 128.10 and has touched a high and low of Rs. 131.65 and Rs. 128.10 respectively. So far 26116 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 165.80 on 18-May-2016 and a 52 week low of Rs. 97.20 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 151.00 and Rs. 124.00 respectively. The current market cap of the company is Rs. 629.68 crore.

The promoters holding in the company stood at 58.27%, while Institutions and Non-Institutions held 11.11% and 30.62% respectively.

Denim maker, Nandan Denim (NDL) is planning to raise Rs 100 crore from the warrants issued to fund its growth plans, investment in proposed subsidiaries, meet long term working capital requirement and improve capital structure, etc.

The company will be issuing 25 lakh fully convertible warrants each to Foreign Portfolio Investors, LTS Investment Fund and LGOF Global Opportunities at Rs 200 each.

The FII & FPI holding stands at 11.02 per cent as on June 2016, while the promoter group holding stands at 58.27 per cent. Post issue of the 50 lakh warrant, holding of FII & FPIs will increase to 19.70 per cent and promoter holding will come down at 52.78 per cent.

Nandan Denim Share Price

2.69 0.05 (1.89%)
17-Apr-2026 16:59 View Price Chart
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