The scrip opened at Rs. 100.25 and has touched a high and low of Rs. 103.00 and Rs. 99.75 respectively. So far 143186 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 111.65 on 22-Jan-2019 and a 52 week low of Rs. 56.15 on 23-Aug-2019.
Last one week high and low of the scrip stood at Rs. 105.40 and Rs. 98.75 respectively. The current market cap of the company is Rs. 9077.64 crore.
The promoters holding in the company stood at 90.00%, while Institutions and Non-Institutions held 7.79% and 2.22% respectively.
ITI has planned to raise Rs 1,600 crore through a follow-on public offer which will be utilised for partial debt repayment as well as to meet working capital requirements. The issue will open on January 24 and close on January 28. The price band for the offer will be announced on January 22.
The follow-on offer (FPO) comprises a fresh issue of up to 18 crore equity shares and additional issue of up to 18 lakh shares, constituting 1 percent of the net issue, which would be reserved for employees on a proportionate base. An FPO is issuance of additional shares to investors or existing shareholders to raise equity.
ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.
