Havells India jumps on plan to raise Rs 150 crore through Commercial Paper

07 Sep 2017

Havells India is currently trading at Rs. 494.55, up by 2.30 points or 0.47 % from its previous closing of Rs. 492.25 on the BSE.

The scrip opened at Rs. 495.05 and has touched a high and low of Rs. 499.00 and Rs. 493.60 respectively. So far 20084 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. 499.00 and Rs. 483.10 respectively. The current market cap of the company is Rs. 30935.47 crore.

The promoters holding in the company stood at 61.58%, while institutions and non-institutions held 29.50% and 8.93% respectively.

Havells India is going to issue fresh Commercial Paper to Reliance Mutual Fund for an amount of Rs 150 crore in addition to the Commercial Paper issued to UTI Mutual Fund earlier for an amount of Rs 150 crore. The tenure will be for 91 days and will carry coupon rate of 6.25% per annum. The proposed date of allotment will be September 12, 2017 and date of maturity will be December 12, 2017.

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

996.15 -11.90 (-1.18%) May 14, 18:01
1 Year Price Chart
Company Name CMP
Siemens 1993.95
Havells India 996.15
Apar Inds 499.75
ABB India 1394.85
CG Power & Indl.Soln 85.55
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SEBI Registered: Investment Adviser - INA000013323