Reliance Defence and Engineering is currently trading at Rs. 69.00, up by 4.25 points or 6.56% from its previous closing of Rs. 64.75 on the BSE.
The scrip opened at Rs. 65.00 and has touched a high and low of Rs. 70.65 and Rs. 64.05 respectively. So far 2155659 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 72.85 on 01-Aug-2016 and a 52 week low of Rs. 48.40 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 70.65 and Rs. 64.15 respectively. The current market cap of the company is Rs. 4719.08 crore.
The promoters holding in the company stood at 30.76%, while Institutions and Non-Institutions held 14.48% and 54.76% respectively.
Reliance Infrastructure (Rlnfra) controlled Reliance Defence and Engineering has received an approval from the CDR Empowered Group (CDR EG) for exiting from the (corporate debt restructuring) CDR scheme.
As part of the Refinancing Scheme approved by the Lenders, the door-to-door tenure of RDEL’s term loans stands extended to 18 years. Pursuant to the Refinancing Scheme, RDEL’s existing debt of around Rs 650 crore will also be converted into equity shares at a price of Rs 59.35 per equity share. In line with the RBI approval, Rlnfra through its subsidiary has also increased its shareholding in RDEL to nearly 31%.
Reliance Defence and Engineering is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit and another export oriented unit (EOU).
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