Deepak Fertilisers surges on getting nod to elevate $30 million in tranches thru FCCBs

Deepak Fertilisers surges on getting nod to elevate $30 million in tranches thru FCCBs

by admin- Tuesday, April 23rd, 2019 04:22:03 PM

Deepak Fertilisers & Petrochemicals Corporation is presently trading at Rs. 152.50, up with the aid of three.10 points or 2.07% from its preceding ultimate of Rs. 149.Forty on the BSE.

The scrip opened at Rs. 153.70 and has touched a high and coffee of Rs. 154.95 and Rs. 151.60 respectively. So far 33830 stocks were traded on the counter.

The BSE organization ‘A’ stock of face fee Rs. 10 has touched a fifty two week excessive of Rs. 390.60 on 23-Apr-2018 and a fifty two week low of Rs. 104.Eighty on 24-Jan-2019.

Last one week excessive and occasional of the scrip stood at Rs. 169.00 and Rs. One hundred forty four.00 respectively. The modern marketplace cap of the enterprise is Rs. 1349.54 crore.

The promoters maintaining in the corporation stood at fifty one.50%, at the same time as Institutions and Non-Institutions held 6.Eighty two% and forty one.Sixty eight% respectively.

Deepak Fertilisers & Petrochemicals Corporation has acquired in-precept popularity of presenting Foreign Currency Convertible Bonds (FCCBs) aggregating upto $30 million in two tranches to International Finance Corporation (IFC) upon beginning of the issue through the Securities Issue Committee of Directors. The Board of Directors of the Company at its meeting hung on April 22, 2019 has accredited the same.

The Board has similarly granted an in-principle popularity of trouble of Compulsory Convertible Debentures (CCDs) by Smartchem Technologies (an entirely owned subsidiary of the Company) aggregating upto $30 million in tranches to IFC.

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