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NACL Industries zooms on getting nod to raise funds up to Rs 300 crore

02 Jan 2018

NACL Industries is currently trading at Rs. 60.35, up by 3.30 points or 5.78% from its previous closing of Rs. 57.05 on the BSE.

The scrip opened at Rs. 57.00 and has touched a high and low of Rs. 63.75 and Rs. 56.45 respectively. So far 322943 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 63.75 on 02-Jan-2018 and a 52 week low of Rs. 21.75 on 02-Jan-2017.

Last one week high and low of the scrip stood at Rs. 63.75 and Rs. 54.95 respectively. The current market cap of the company is Rs. 948.61 crore.

The promoters holding in the company stood at 74.70%, while Institutions and Non-Institutions held 2.03% and 23.27% respectively.

NACL Industries has received an approval for raising funds through the issuance of equity shares by way of a qualified institutions placement and/or a public issue and/or Global Depository Receipts(GDRs)and/or American depository receipts (ADRs) or other securities convertible into equity shares (the Securities) to eligible investors, including but not limited to banks, financial institutions, qualified institutional buyers, for an amount not exceeding Rs 300 crore or an equivalent amount in any foreign currency. The board of directors at their meeting held on January 2, 2018, has approved for the same.

NACL Industries produces a comprehensive range of pesticide Technicals and Formulations.

Related NACL Industries Ltd. Links:

NACL Industries Share Price

68.05 0.05 (0.07%) Dec 06, 18:01
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SEBI Registered: Investment Adviser - INA000013323