MBL Infrastructures jumps on buzz of plan to raise Rs 300 crore

06 Jan 2017

MBL Infrastructures is currently trading at Rs 40.15, up by 1.90 points or 4.97% from its previous closing of Rs. 38.25 on the BSE.

The scrip opened at Rs. 40.15 and has touched a high and low of Rs. 40.15 and Rs. 40.15 respectively. So far 4370 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 224.00 on 06-Jan-2016 and a 52 week low of Rs. 34.65 on 05-Jan-2017.

Last one week high and low of the scrip stood at Rs. 40.35 and Rs. 34.65 respectively. The current market cap of the company is Rs. 166.44 crore.

The promoters holding in the company stood at 37.45%, while Institutions and Non-Institutions held 18.42% and 44.13% respectively.

MBL Infrastructures is reportedly planning to raise Rs 300 crore in mezzanine funding (a non-conventional form of funding that shares the characteristics of both debt and equity) to infuse additional equity into some of its newly acquired projects to attain financial closure. The company is executing three projects on a build-operate-transfer (BOT) basis through special purpose vehicles (SPV). MBL Infra has also recently won three projects under the hybrid annuity model from the National Highways Authority of India.

MBL Infrastructures is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients.

Related MBL Infrastructures Ltd. Links:

MBL Infrastructures Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323