Kesoram Industries moves up on getting nod to raise Rs 2,000 crore

31 Jul 2020 Evaluate

Kesoram Industries is currently trading at Rs. 35.95, up by 1.35 points or 3.90% from its previous closing of Rs. 34.60 on the BSE.

The scrip opened at Rs. 34.50 and has touched a high and low of Rs. 37.85 and Rs. 34.50 respectively. So far 44487 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.21 on 11-Nov-2019 and a 52 week low of Rs. 17.05 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 37.85 and Rs. 34.50 respectively. The current market cap of the company is Rs. 525.44 crore.

The promoters holding in the company stood at 53.13%, while Institutions and Non-Institutions held 3.77% and 37.92% respectively.

Kesoram Industries has received an approval for a fund raising plan of an amount aggregating up to Rs 2,000 crore, by way of Equity and/or Debt Instruments including Non-Convertible Debentures and/or Preference Shares for the company and also including Rights Issue and/or Preferential Allotment and/or by a combination of any of the above, as may be permitted under applicable law, subject to such regulatory/ statutory approvals as may be required, including approval of the shareholders of the company. The Board of the company at its meeting held on July 30, 2020, approved the same.

Kesoram Industries is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes.

Kesoram Industries Share Price

171.05 2.00 (1.18%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Ultratech Cement 9740.00
ACC 2494.75
Shree Cement 25800.00
Ambuja Cement 612.30
Dalmia Bharat 1940.05
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