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RHI Magnesita India moves up on making further investment in RHI Magnesita India Refractories

14 Aug 2023 Evaluate

RHI Magnesita India is currently trading at Rs. 729.85, up by 6.15 points or 0.85% from its previous closing of Rs. 723.70 on the BSE.

The scrip opened at Rs. 734.75 and has touched a high and low of Rs. 749.25 and Rs. 720.40 respectively. So far 21057 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 893.15 on 06-Jan-2023 and a 52 week low of Rs. 526.90 on 17-Aug-2022.

Last one week high and low of the scrip stood at Rs. 749.25 and Rs. 659.70 respectively. The current market cap of the company is Rs. 14944.51 crore.

The promoters holding in the company stood at 55.47%, while Institutions and Non-Institutions held 17.87% and 26.66% respectively.

RHI Magnesita India (RHIM) has made further investment in RHI Magnesita India Refractories, a wholly owned subsidiary of the Company by way of subscription of 50,72,464 equity share of RHI Magnesita India Refractories having face value of Rs 10 each at a premium of Rs 197 each for an amount aggregating to Rs 105 crore on right issue basis. The subscription of equity shares of RHI Magnesita India Refractories by the company for the purpose of repayment or pre?payment, in full or in part, of certain borrowings availed by RHI Magnesita India Refractories.

RHI Magnesita India offers a wide range of Refractory and Monolithic products for the iron and steel industry and enjoy large domestic and international clientele.


RHI Magnesita Share Price

401.95 1.45 (0.36%)
17-Apr-2026 16:59 View Price Chart
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