Sangam Renewables touches roof on raising Rs 19.Ninety eight crore on preferential foundation

Sangam Renewables touches roof on raising Rs 19.Ninety eight crore on preferential foundation

by admin- Tuesday, April 9th, 2019 04:18:17 PM

Sangam Renewables is presently trading at upper circuit of Rs. 18.10, up through 0.Eighty five factors or four.93% from its previous remaining of Rs. 17.25 at the BSE.

The scrip opened at Rs. 18.10 and has touched a excessive and occasional of Rs. 18.10 and Rs. 18.10 respectively. So a long way 200 stocks have been traded at the counter.

The BSE organization ‘XT’ stock of face fee Rs. 10 has touched a fifty two week high of Rs. 33.50 on 10-Apr-2018 and a 52 week low of Rs. 12.50 on 01-Mar-2019.

Last one week high and occasional of the scrip stood at Rs. 19.Eighty five and Rs. 17.20 respectively. The modern-day marketplace cap of the organisation is Rs. 18.13 crore.

The promoters holding in the organization stood at 38.56%, while Institutions and Non-Institutions held 1.Forty% and 60.03% respectively.

Sangam Renewables has raised Rs 19.Ninety eight crore on preferential basis. The business enterprise has obtained approval for allotment of 10,800,000 fairness stocks of Rs 10 every, absolutely paid-up, at a fee of Rs 18.50 which include a premium of Rs eight.50 in step with fairness proportion amounting to Rs 19.98 crore on preferential basis to Waaree Energies (Promoter Group entity). The Board of Directors of the Company at its assembly held on April 08, 2019 has permitted the equal.

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