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VIP Industries surges on raising Rs 50 crore through NCDs

08 Sep 2020 Evaluate

VIP Industries is currently trading at Rs. 283.80, up by 3.15 points or 1.12% from its previous closing of Rs. 280.65 on the BSE.

The scrip opened at Rs. 287.00 and has touched a high and low of Rs. 287.00 and Rs. 280.00 respectively. So far 3246 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 519.90 on 12-Feb-2020 and a 52 week low of Rs. 187.95 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 297.90 and Rs. 278.50 respectively. The current market cap of the company is Rs. 3985.85 crore.

The promoters holding in the company stood at 53.46%, while Institutions and Non-Institutions held 17.51% and 29.04% respectively.

VIP Industries has raised Rs 50 crore through listed, secured, rated, redeemable, Non-Convertible Debenture (NCDs) and allotted 500 NCDs having face value of Rs 10,00,000 each on Private Placement basis.

VIP Industries is engaged in the manufacturing of hard luggages and soft luggages. The company operates through two segments - Luggage, Bags & Accessories, and Furniture.

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