NLC India is currently trading at Rs. 58.20, up by 2.65 points or 4.77% from its previous closing of Rs. 55.55 on the BSE.
The scrip opened at Rs. 55.70 and has touched a high and low of Rs. 58.70 and Rs. 55.50 respectively. So far 38815 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 80.35 on 20-Mar-2019 and a 52 week low of Rs. 49.15 on 29-Aug-2019.
Last one week high and low of the scrip stood at Rs. 61.75 and Rs. 54.15 respectively. The current market cap of the company is Rs. 8049.43 crore.
The promoters holding in the company stood at 80.70%, while Institutions and Non-Institutions held 15.90% and 3.40% respectively.
NLC India has decided to raise Rs 525 crore through private placement of Secured, Non-Cumulative, Non-Convertible, Redeemable, Taxable Bonds (Series I of 2020) in the nature of Debentures at a coupon of 7.36% p.a. with a door to door maturity of 10 years, as per the bidding process held on January 23, 2020. The proceeds of the proposed issue will be utilized to replace the equity deployed in the projects and operation over the normative level by the debt, and for the purpose of corporate requirements of regular business activities. The bonds are proposed to be listed on both NSE & BSE.
NLC India is engaged in the business of lignite mining and power generation.
