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Kesoram Industries spurts on getting nod to allot 75 lakh shares to IndusInd Bank

16 Jun 2017 Evaluate

Kesoram Industries is currently trading at Rs. 144.60, up by 2.05 points or 1.44% from its previous closing of Rs. 142.55 on the BSE.

The scrip opened at Rs. 144.15 and has touched a high and low of Rs. 145.30 and Rs. 143.35 respectively. So far 10346 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 201.60 on 06-Oct-2016 and a 52 week low of Rs. 117.25 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 149.90 and Rs. 141.30 respectively. The current market cap of the company is Rs. 1698.05 crore.

The promoters holding in the company stood at 49.46%, while institutions and non-institutions held 10.01% and 40.52% respectively.

Kesoram Industries has received its board’s approval to allot 75 lakh equity shares of face value Rs 10 each to IndusInd Bank, arising out of conversion of the existing 7.5 lakh optionally convertible preference shares, at Rs 120 a share. The board has also approved the acquisition of the Heavy Chemicals Undertaking and the Spun Pipes Undertaking, both of which were sold and transferred by the company during FY16.

Kesoram Industries is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes.

Kesoram Industries Share Price

10.60 0.50 (4.95%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Arvind 387.20
K.P.R. Mill 926.40
Page Industries 37935.70
View more..

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