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Shankara Building Products gains on getting nod to raise funds up to Rs 300 crore

11 May 2018 Evaluate

Shankara Building Products is currently trading at Rs. 1895.00, up by 31.05 points or 1.67% from its previous closing of Rs. 1863.95 on the BSE.

The scrip opened at Rs. 1878.75 and has touched a high and low of Rs. 1929.25 and Rs. 1869.10 respectively. So far 6625 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2365.00 on 05-Dec-2017 and a 52 week low of Rs. 653.00 on 24-May-2017.

Last one week high and low of the scrip stood at Rs. 1,948.00 and Rs. 1,803.10 respectively. The current market cap of the company is Rs. 4341.26 crore.

The promoters holding in the company stood at 56.20%, while Institutions and Non-Institutions held 27.22% and 16.58% respectively.

Shankara Building Products has received an approval for further capital raising by way of issuance of securities up to an amount not exceeding Rs 300 crore, as may be permitted under applicable law, including by way of a qualified institutions placement, private placement / public issue of equity securities, preferential issue or through any other mode and / or a combination thereof as may be considered appropriate. The Board of Directors of the company at their meeting held on May 10, 2018, approved the same.

Shankara Building Products is one the leading organized retailers of home improvement and building products in India based on number of stores, operating under the brand name Shankara Buildpro.

Shankara Bldg. Prod Share Price

121.45 -1.75 (-1.42%)
21-Apr-2026 16:59 View Price Chart
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