Mawana Sugars zooms on getting nod to avail tender loan really worth Rs 146 crore

Mawana Sugars zooms on getting nod to avail tender loan really worth Rs 146 crore

by admin- Thursday, November 29th, 2018 04:40:40 PM

Mawana Sugars is currently trading at Rs. Forty five.Forty, up by means of 1.85 points or 4.25% from its preceding ultimate of Rs. Forty three.55 at the BSE.

The scrip opened at Rs. 45.Forty and has touched a excessive and occasional of Rs. Forty five.40 and Rs. 45.40 respectively. So far forty eight shares had been traded at the counter.

The BSE institution ‘T’ stock of face value Rs. 10 has touched a fifty two week high of Rs. 106.90 on 06-Dec-2017 and a 52 week low of Rs. 30.10 on 15-May-2018.

Last one week high and low of the scrip stood at Rs. Forty seven.00 and Rs. 42.Fifty five respectively. The cutting-edge marketplace cap of the enterprise is Rs. One hundred seventy.35 crore.

The promoters maintaining within the employer stood at sixty three.50%, at the same time as Institutions and Non-Institutions held 1.65% and 34.86% respectively.

Mawana Sugars has acquired an acclaim for the concept of availment of the gentle mortgage of Rs 146 crore granted by using Uttar Pradesh Co-operative Bank to clean the top notch dues of the farmers for the crushing season 2017-18 to its gadgets Mawana Sugars Works and Nanglamal Sugar Complex as required by means of the kingdom authorities of Uttar Pradesh.

The Board of Directors of the enterprise at its meeting held on November 28, 2018, authorized the identical. The above facility will deliver fee of simple-hobby 5% p.A. And the tenure of the loan is 5 years. The predominant quantity of the loan and interest thereon is payable in identical month-to-month installment beginning from July, 2019 onwards.

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