Havells India gains on plan to raise Rs 150 crore through Commercial Papers

16 Jun 2017

Havells India is currently trading at Rs. 491.70, up by 4.30 points or 0.88% from its previous closing of Rs. 487.40 on the BSE.

The scrip opened at Rs. 489.30 and has touched a high and low of Rs. 495.45 and Rs. 486.80 respectively. So far 20893 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 525.40 on 11-May-2017 and a 52 week low of Rs. 303.60 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 504.80 and Rs. 483.20 respectively. The current market cap of the company is Rs. 30747.93 crore.

The promoters holding in the company stood at 61.61%, while Institutions and Non-Institutions held 29.19% and 9.21% respectively.

Havells India is raising funds through issue of Commercial Papers (CPs) to Yes Bank for an amount of Rs 150 crore. The company will raise funds on June 20, 2017 and the date of maturity is September 18, 2017. The tenure will be for 90 days.

Havells India is the country's leading Fast Moving Electrical Goods (FMEG) manufacturer, producing a wide range of world class industrial and consumer electrical products. The Company works in step with the Make in India initiative and has an extensive production and distribution network across India and the world.

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Havells India Share Price

1107.20 -68.15 (-5.80%) Feb 26, 18:55
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Peers
Company Name CMP
Siemens 1850.15
Havells India 1107.20
ABB India 1532.15
Apar Inds 460.85
CG Power & Indl.Soln 56.70
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Sensex vs Havells India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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