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DCW advances on raising Rs 1.80 crore via NCDs

29 Jan 2020 Evaluate

DCW is currently trading at Rs. 16.10, up by 0.14 points or 0.88% from its previous closing of Rs. 15.96 on the BSE.

The scrip opened at Rs. 16.18 and has touched a high and low of Rs. 16.34 and Rs. 16.10 respectively. So far 8719 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 23.15 on 01-Apr-2019 and a 52 week low of Rs. 12.10 on 11-Dec-2019.

Last one week high and low of the scrip stood at Rs. 16.80 and Rs. 15.15 respectively. The current market cap of the company is Rs. 420.26 crore.

The promoters holding in the company stood at 46.73%, while Institutions and Non-Institutions held 8.81% and 44.46% respectively.

DCW has raised funds through allotment of seventeenth tranche of 180 Unrated Unlisted Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,00,000 aggregating to Rs 1.80 crore on a private placement basis. The Committee of Board of Directors of the company in its meeting held on January 28, 2020 has allotted the same.

DCW is an industry pioneer with a strong presence in the Chlor-Alkali, Synthetic Rutile and PVC business segments, with a successful record of innovation and in pioneering new products and processes.

Peers
Company Name CMP
Godrej Industries 1021.20
SRF 2490.00
BASF India 3411.40
Pidilite Inds. 1470.00
Tata Chemicals 607.90
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