Bharat Rasayan inches up on raising Rs 220 crore via CP

03 Jan 2019

Bharat Rasayan is currently trading at Rs. 5270.05, up by 6.55 points or 0.12% from its previous closing of Rs. 5263.50 on the BSE.

The scrip opened at Rs. 5300.00 and has touched a high and low of Rs. 5300.00 and Rs. 5211.05 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 8395.00 on 10-Aug-2018 and a 52 week low of Rs. 3561.00 on 06-Feb-2018.

Last one week high and low of the scrip stood at Rs. 5477.30 and Rs. 5200.00 respectively. The current market cap of the company is Rs. 2224.24 crore.

The promoters holding in the company stood at 74.83%, while Institutions and Non-Institutions held 0.28% and 24.90% respectively.

Bharat Rasayan has raised funds through issue of Commercial Paper (CP) worth Rs 220 crore on January 03, 2019, having maturity on March 29, 2019. The credit rating agency, CARE has rated ‘A1+’ to the instrument. The company has appointed HDFC Bank as issuing & paying agent for this issuance.

Bharat Rasayan, part of the Bharat Group of companies, is engaged in manufacturing technical grade pesticides, pesticides formulations and intermediates.

Related Bharat Rasayan Ltd. Links:

Bharat Rasayan Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323