Bombay Burmah Trading Corporation inches up on planning to raise upto Rs 50 crore via NCDs
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Bombay Burmah Trading Corporation is currently trading at Rs. 843.00, up by 0.10 points or 0.01% from its previous closing of Rs. 842.90 on the BSE.
The scrip opened at Rs. 846.65 and has touched a high and low of Rs. 851.45 and Rs. 839.20 respectively. So far 535 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1115.65 on 28-Apr-2022 and a 52 week low of Rs. 839.20 on 22-Mar-2023.
Last one week high and low of the scrip stood at Rs. 870.05 and Rs. 839.20 respectively. The current market cap of the company is Rs. 5868.51 crore.
The promoters holding in the company stood at 65.93%, while Institutions and Non-Institutions held 9.01% and 25.05% respectively.
Bombay Burmah Trading Corporation is planning to raise upto Rs 50 crore through issuance of Fully paid, Rated, Secured, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) for cash, at par, on private placement basis. A meeting of the Debenture Issue Committee of the Board of Directors of the Corporation is scheduled to be held on March 24, 2023, to consider the same.
Bombay Burmah Trading Corporation (BBTCL) is a leading concern of the Wadia Group, a reputed Indian business house with interests in plantations, foods, textiles, chemicals, electronics and light engineering, health care and real estate.
