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Century Textiles trades higher on planning to raise funds up to Rs 400 crore via NCDs

12 Jan 2023 Evaluate

Century Textiles is currently trading at Rs. 710.10, up by 12.10 points or 1.73% from its previous closing of Rs. 698.00 on the BSE.

The scrip opened at Rs. 702.75 and has touched a high and low of Rs. 714.45 and Rs. 700.00 respectively. So far 4208 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1025.00 on 12-Jan-2022 and a 52 week low of Rs. 660.60 on 26-Dec-2022.

Last one week high and low of the scrip stood at Rs. 722.20 and Rs. 691.10 respectively. The current market cap of the company is Rs. 7925.93 crore.

The promoters holding in the company stood at 50.21%, while Institutions and Non-Institutions held 23.89% and 25.90% respectively.

Century Textiles & Industries is planning to raise funds up to Rs 400 crore in one or more tranches by issue of Listed, Rated, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) of the Company on private placement basis. A meeting of the Board of Directors of the Company is scheduled to be held on January 16, 2023, inter alia to consider and approve the same.

Century Textiles & Industries is principally engaged in manufacturing of Textiles, Cement, Pulp and Paper and Real estate.

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