Nahar Industrial Enterprises zooms on getting nod to raise Rs 100 crore

16 Jan 2019

Nahar Industrial Enterprises is currently trading at Rs. 60.00, up by 6.70 points or 12.57% from its previous closing of Rs. 53.30 on the BSE.

The scrip opened at Rs. 57.80 and has touched a high and low of Rs. 63.95 and Rs. 56.65 respectively. So far 31188 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 118.00 on 16-Jan-2018 and a 52 week low of Rs. 46.05 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 63.95 and Rs. 51.30 respectively. The current market cap of the company is Rs. 240.60 crore.

The promoters holding in the company stood at 68.75%, while Institutions and Non-Institutions held 0.50% and 30.75% respectively.

Nahar Industrial Enterprises has received approval from its board to raise funds by issue of 5.5% Non-Convertible Non-Cumulative Redeemable Preference Shares of Rs 100/- each up to maximum of Rs 100 crore to Promoter Group entities in one or more tranches, to be redeemed within 5 years.

Further, the Board has also approved increase/ alteration of Authorized Capital from existing Rs 65 crore to Rs 150 crore (comprising of Equity share capital of Rs 50 crore and 5.5% Non Convertible Non Cumulative Redeemable Preference share capital of Rs. 100 crore).

Nahar Industrial Enterprises is a vertically-integrated textile manufacturer.

Related Nahar Industrial Enterprises Ltd. Links:

Nahar Ind.Enterprise Share Price

53.60 -0.10 (-0.19%) May 07, 18:03
1 Year Price Chart
Peers
Company Name CMP
Trident 15.26
Filatex India 101.85
Sutlej Textiles&Inds 48.75
Nahar Spinning Mills 119.85
Nahar Ind.Enterprise 53.60
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Sensex vs Nahar Ind.Enterprise
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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