Jagran Prakashan profits on getting nod to raise Rs 300 crore through NCDs

Jagran Prakashan profits on getting nod to raise Rs 300 crore through NCDs

by admin- Friday, January 4th, 2019 05:04:26 PM

Jagran Prakashan is currently buying and selling at Rs. 114.Sixty five, up by means of zero.60 factors or 0.53% from its preceding last of Rs. 114.05 at the BSE.

The scrip opened at Rs. 117.00 and has touched a high and occasional of Rs. 117.00 and Rs. 114.00 respectively. So some distance 314 stocks have been traded at the counter.

The BSE organization ‘A’ inventory of face cost Rs. 2 has touched a fifty two week excessive of Rs. 192.20 on 10-Jan-2018 and a fifty two week low of Rs. 102.05 on 09-Oct-2018.

Last one week high and occasional of the scrip stood at Rs. 117.05 and Rs. 113.05 respectively. The modern-day market cap of the agency is Rs. 3402.81 crore.

The promoters holding in the enterprise stood at 61.31%, at the same time as Institutions and Non-Institutions held 22.Fifty six% and sixteen.Thirteen% respectively.

Jagran Prakashan has received an approval to elevate finances through problem Secured Non-convertible Debentures (NCDs) as much as Rs three hundred crore. The meeting of the Board of Directors of the organization hung on January 03, 2019, permitted the identical.

The NCD’s are proposed to be indexed on Wholesale Debt Market section of BSE or NSE as may be determined by means of the Debenture Committee.

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