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Kesoram Industries inches up on getting nod to raise Rs 2500 crore

22 Nov 2021 Evaluate

Kesoram Industries is currently trading at Rs. 61.35, up by 0.05 points or 0.08% from its previous closing of Rs. 61.30 on the BSE.

The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 63.60 and Rs. 60.80 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.22 on 04-Aug-2021 and a 52 week low of Rs. 35.38 on 25-Nov-2020.

Last one week high and low of the scrip stood at Rs. 65.05 and Rs. 61.35 respectively. The current market cap of the company is Rs. 1516.60 crore.

The promoters holding in the company stood at 45.97%, while Institutions and Non-Institutions held 14.23% and 35.54% respectively.

Kesoram Industries has received an approval to raise fund upto Rs 2500 crore by way of Equity, Bond, FCCB, ADR, GDR, Commercial Paper and/or other Debt Instruments and/or any other convertible, partly convertible and non-convertible securities as may be deemed fit including by way Further Issue, QIP, Private Placement and/or Preferential Allotment, any other permitted mode and/or by a combination of any of the above in one or more tranches, 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, if any.

This fund raising is primarily to retire company's existing debt and to bring down the cost of the borrowing. The Board of Directors of the Company at its meeting held on November 20, 2021 have inter alia considered and 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

10.60 0.50 (4.95%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Arvind 387.20
K.P.R. Mill 926.40
Page Industries 37935.70
View more..

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