Walchandnagar Industries shines on getting nod to elevate Rs two hundred crore thru diverse method

Walchandnagar Industries shines on getting nod to elevate Rs two hundred crore thru diverse method

by admin- Wednesday, November 14th, 2018 04:34:42 PM

Walchandnagar Industries is currently buying and selling at Rs. 108.05, up by 3.Forty five points or three.30% from its previous last of Rs. 104.60 on the BSE.

The scrip opened at Rs. 107.70 and has touched a excessive and coffee of Rs. 108.05 and Rs. 106.20 respectively. So a ways 2359 stocks have been traded on the counter.

The BSE group ‘B’ inventory of face value Rs. 2 has touched a 52 week excessive of Rs. 272.Ninety on 28-Nov-2017 and a fifty two week low of Rs. 89.00 on 29-Oct-2018.

Last one week excessive and low of the scrip stood at Rs. 108.50 and Rs. 102.Eighty respectively. The contemporary marketplace cap of the agency is Rs. 398.21 crore.

The promoters preserving within the organization stood at fifty five.00%, at the same time as Institutions and Non-Institutions held four.Fifty one% and 40.46% respectively.

Walchandnagar Industries has obtained approval to raise finances no longer exceeding Rs 200 crore, by manner of issue of securities such as but now not restrained to Equity Shares, and/or another securities convertible into Equity Shares with or without warrant by manner of public and/ or non-public placement, through Qualified Institutional Placement (QIP)/ Rights Issue or via every other permissible mode and / or combination.

The Board of Directors of the Company at its assembly hung on November thirteen, 2018 has authorized the same.

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