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National Plywood Industries touches roof on getting nod to raise funds up to Rs 30 crore

30 Jul 2018

National Plywood Industries is locked at upper circuit limit to Rs. 13.77, up by 0.65 points or 4.95% from its previous closing of Rs. 13.12 on the BSE.

The scrip opened at Rs. 13.77 and has touched a high and low of Rs. 13.77 and Rs. 13.77 respectively. So far 300 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.77 on 30-Jul-2018 and a 52 week low of Rs. 12.50 on 27-Jul-2018.

Last one week high and low of the scrip stood at Rs. 13.77 and Rs. 12.50 respectively. The current market cap of the company is Rs. 8.06 crore.

The promoters holding in the company stood at 48.04%, while Institutions and Non-Institutions held 3.54% and 48.42% respectively.

National Plywood Industries has received an approval for raising of funds by way of issue of securities including but not limited to Equity Shares and / or American Depository Receipts and / or Global Depository Receipts and / or any other securities convertible into Equity Shares and / or Non Convertible Debentures with or without warrants, through Further Public Offer / Qualified Institutions Placement (QIP) / Preferential Issue / Rights Issue or through any other permissible mode or a combination thereof, as may be permitted under applicable laws, subject to approval of the Members of the company and Statutory / Regulatory Authorities, if required and other appropriate approvals, for an aggregate amount of up to Rs 30 crore.

The Board of Directors of the company at their meeting held on July 27, 2018, approved the same.

National Plywood Industries manufactures plywoods, block boards, decorative & industrial laminates plywood.

Related National Plywood Industries Ltd. Links:

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SEBI Registered: Investment Adviser - INA000013323

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