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SRF surges on getting nod to raise fund worth Rs 1,000 crore

01 Sep 2020 Evaluate

SRF is currently trading at Rs. 4110.50, up by 56.60 points or 1.40% from its previous closing of Rs. 4053.90 on the BSE.

The scrip opened at Rs. 4053.90 and has touched a high and low of Rs. 4150.00 and Rs. 4053.90 respectively. So far 1916 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4437.00 on 24-Aug-2020 and a 52 week low of Rs. 2492.20 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 4328.85 and Rs. 4015.45 respectively. The current market cap of the company is Rs. 23679.95 crore.

The promoters holding in the company stood at 52.32%, while Institutions and Non-Institutions held 28.41% and 19.27% respectively.

SRF has received approval to raise funds up to Rs 1,000 crore. The company’s board has approved raising of funds for an aggregate amount not exceeding Rs 750 crore through issue of equity shares by way of qualified institutions placement. The board also approved raising an aggregate amount not exceeding Rs 250 crore through issue of listed redeemable secured non convertible debentures (NCDs) by way of private placement. The Board of Directors of the company, at its meeting held on August 31, 2020, has considered and approved the same.

SRF is a leader in refrigerants, engineering plastics and industrial yarns in India. The company also manufactures polyester films and fluoro specialties. Besides India, SRF has a presence in Dubai, South Africa and Thailand.

SRF Share Price

2780.75 8.85 (0.32%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 4035.90
Tata Chemicals 782.10
SRF 2780.75
Pidilite Inds. 1476.15
Deepak Nitrite 1875.25
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