Moschip Semiconductor Technology is currently trading at Rs. 38.70, up by 5.05 points or 15.01% from its previous closing of Rs. 33.65 on the BSE.
The scrip opened at Rs. 34.00 and has touched a high and low of Rs. 39.90 and Rs. 33.75 respectively. So far 220871 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 59.00 on 17-May-2017 and a 52 week low of Rs. 28.05 on 12-Mar-2018.
Last one week high and low of the scrip stood at Rs. 39.90 and Rs. 30.15 respectively. The current market cap of the company is Rs. 495.54 crore.
The promoters holding in the company stood at 63.12%, while Non-Institutions held 36.88%.
Moschip Semiconductor Technology has received an approval to raise Rs 47.80 crore through issue of equity shares and convertible warrants on preferential basis to the promoters and select private investors. The proposed issue will be priced at Rs 45 per share / warrant or such higher price as may be arrived at in accordance with the SEBI Regulations.
The capital being raised will be deployed to fund the business operations and further strengthen the Balance Sheet of the company by retiring a part of the debt. The board of directors at its meeting held on April 27, 2018 has approved for the same.
Moschip Semiconductor Technology is a fabless semiconductor company. The company’s principal activity includes software development and designing.
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