Rain Industries is currently trading at Rs. 100.50, up by 1.60 points or 1.62% from its previous closing of Rs. 98.90 on the BSE.
The scrip opened at Rs. 99.15 and has touched a high and low of Rs. 101.10 and Rs. 98.70 respectively. So far 55620 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 109.15 on 08-Mar-2017 and a 52 week low of Rs. 28.80 on 28-Mar-2016.
Last one week high and low of the scrip stood at Rs. 104.70 and Rs. 98.10 respectively. The current market cap of the company is Rs. 3366.82 crore.
The promoters holding in the company stood at 41.10%, while institutions and non-institutions held 28.55% and 30.36% respectively.
Rain Industries’ wholly owned subsidiary Rain CII Carbon LLC has raised $550 million through issuance of dollar-denominated bonds maturing on April 1, 2025. The bonds are priced at a coupon of 7.25 per cent and are rated ‘B+’ by S&P Global Ratings and ‘B1’ by Moody’s rating agency.
The company will use the proceeds of the bond issue to refinance borrowings, and to redeem or repurchase any and all of its 8 per cent notes due in December 2018, and a portion of its 8.25 per cent US dollar-denominated notes due in January 2021.
Rain Industries is engaged in the business of manufacturing cement, Calcined Petroleum Coke (CPC) and power. It is the largest producer of CPC with a production capacity of 2.49 million tonnes per annum (MTPA).