Wintac gains on getting nod to raise Rs 66.83 crore

27 Jul 2017 Evaluate

Wintac is currently trading at Rs. 268.00, up by 1.00 points or 0.37% from its previous closing of Rs. 267.00 on the BSE.

The scrip opened at Rs. 267.00 and has touched a high and low of Rs. 268.00 and Rs. 267.00 respectively. So far 4744 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 268.00 on 24-Jul-2017 and a 52 week low of Rs. 130.00 on 15-Nov-2016.

Last one week high and low of the scrip stood at Rs. 268.00 and Rs. 251.00 respectively. The current market cap of the company is Rs. 268.65 crore.

The promoters holding in the company stood at 54.99%, while Institutions and Non-Institutions held 0.01% and 45.00% respectively.

Wintac has received an approval for issue of 66.83 lakh equity shares on Rights basis to the existing shareholders of the company in the ratio of 3 : 2 i.e., 2 (two) shares for every 3 (three) shares held at a price of Rs 100 per share (Rs10 face value + Rs 90 premium per share) aggregating to Rs 66.83 crore.

The funds raised would be utilised to meet the capital expenditure on construction of New Manufacturing Facility and other corporate funds requirements and also to augment the long term working capital of the company. The board of directors at their meeting held on July 27, 2017, has approved for the same.

Wintac’s range of specialties includes Antifungal, Anticancer, Cardiovascular, Corticosterid , Antiemetic, Large and small volume injectable and Ophthalmic solutions. The company has also forayed into the field of critical care by manufacturing and marketing products targeted to the critically ill patients.

Wintac Share Price

341.60 0.00 (0.00%)
17-Dec-2020 18:59 View Price Chart
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