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Baid Leasing trades higher on getting nod to raise up to Rs 250 crore via NCDs

21 Jun 2018 Evaluate

Baid Leasing & Finance Company is currently trading at Rs. 141.50, up by 1.50 points or 1.07% from its previous closing of Rs. 140.00 on the BSE.

The scrip opened at Rs. 142.70 and has touched a high and low of Rs. 142.75 and Rs. 141.50 respectively. So far 1565 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 247.90 on 02-Jan-2018 and a 52 week low of Rs. 85.70 on 12-Jul-2017.

Last one week high and low of the scrip stood at Rs. 143.95 and Rs. 135.50 respectively. The current market cap of the company is Rs. 142.92 crore.

The promoters holding in the company stood at 21.13% and Non-Institutions held 78.87%.

Baid Leasing & Finance Company has received approval to raise funds not exceeding Rs 250 crore through issuance of Non- Convertible Debentures (NCDs). The meeting of the Board of Directors of the company held on June 20, 2018, approved the same.

Baid Leasing & Finance Company is engaged in a wide gamut of business activities viz. business of hire purchase, leasing, lending, securities investments and trading, negotiable instruments etc.

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