Khadim India is currently trading at upper limit of Rs. 400.05, up by 19.05 points or 5.00% from its previous closing of Rs. 381.00 on the BSE.
The scrip opened at Rs. 400.05 and has touched a high and low of Rs. 400.05 and Rs. 389.00 respectively. So far 1100 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 424.30 on 30-Oct-2023 and a 52 week low of Rs. 174.90 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 400.05 and Rs. 355.55 respectively. The current market cap of the company is Rs. 718.87 crore.
The promoters holding in the company stood at 60.27%, while Institutions and Non-Institutions held 5.67% and 34.06% respectively.
Khadim India’s Board of Directors has approved raising of funds by way of a preferential issue of Fully Convertible Equity Share Warrants on private placement basis to one of the Promoters and few other identified Non-Promoter entities. The company would issue 4,08,768 fully convertible equity share warrants of Rs 10 each which will be converted into Equity Shares of Rs. 10 each.
The Warrants will be issued at a price of Rs 365 including a premium of Rs 355 per Equity share aggregating upto Rs 14.92 crore. The Warrants shall be converted into Equity Shares, not later than 18 months from the date of its allotment. The company shall utilise the fund largely towards the nationwide retail expansion and revamping of existing stores which would reinforce its market position.
Khadim India operates as a footwear retailer in India under the brand Khadim’s.
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