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Ravindra Energy shines on getting nod to raise Rs 60 crore

22 Feb 2021 Evaluate

Ravindra Energy is currently trading at Rs. 33.95, up by 0.95 points or 2.88% from its previous closing of Rs. 33.00 on the BSE.

The scrip opened at Rs. 34.85 and has touched a high and low of Rs. 34.85 and Rs. 33.95 respectively. So far 167 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 43.05 on 21-Dec-2020 and a 52 week low of Rs. 18.15 on 30-Apr-2020.

Last one week high and low of the scrip stood at Rs. 38.00 and Rs. 31.85 respectively. The current market cap of the company is Rs. 413.32 crore.

The promoters holding in the company stood at 74.55%, while Non-Institutions held 25.45% stake in the company.

Ravindra Energy’s board has approved issuance of Fully / Partly / Optionally, Convertible Debentures (secured or unsecured), on preferential basis to such willing investors, including the promoters and others, up to the limit of Rs 60 crore, in one or more tranches, at a rate of interest that will be determined by the Board of Directors, based on the market conditions from time to time. The Board of Directors of the company at its meeting held on February 20, 2021 has considered and approved the same.

Ravindra Energy seeks to create a leading position in the provision of solar energy utilising the unique characteristics of solar PV generation. The company will provide innovative solutions based around technology and finance to existing and new power consumers to facilitate the growth of solar PV.

Ravindra Energy Share Price

135.55 -3.80 (-2.73%)
06-May-2026 16:59 View Price Chart
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