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Pidilite Industries moves up on redeeming FCCBs worth $40 million

13 Dec 2012 Evaluate

Pidilite Industries is currently trading at Rs. 213.55, up by 0.40 points or 0.19% from its previous closing of Rs. 213.15 on the BSE.

The scrip opened at Rs. 214.00 and has touched a high and low of Rs. 214.75 and Rs. 211.95 respectively. So far 12743 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 224.75 on 03-Dec-2012 and a 52 week low of Rs. 133.55 on 02-Feb-2012.

Last one week high and low of the scrip stood at Rs. 217.90 and Rs. 207.55 respectively. The current market cap of the company is Rs. 10944.91 crore.

The promoters holding in the company stood at 70.62% while Institutions and Non-Institutions held 18.08% and 11.30% respectively. Pidilite Industries has redeemed Foreign Currency Convertible Bonds (FCCBs) with an issue size of $40 million due on December 07, 2012.

Earlier, the company had issued these FCCBs on December 3, 2007 with an issue size of $40 million, due to be redeemed on December 7, 2012. Out of this, $20.5 million were outstanding to be redeemed on the due date. The total amount of $28.57 million payable on redemption (including redemption premium of 39.37% on these bonds i.e. $8.07 million), had been duly remitted for the said redemption to the paying agent -- Bank of New York Mellon (BNY Millon).

Pidilite Industries has diversified in various segments such as adhesives and sealants, construction and paint chemicals, automotive chemicals, art materials, industrial adhesives, industrial and textile resins and organic pigments and preparations. It has created brands like Fevicol, Dr Fixit, Cyclo, hobby ideas, Roff and M-Seal.

 

Pidilite Inds. Share Price

1393.25 62.55 (4.70%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
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