CESC gains on getting nod to raise Rs 300 crore via NCDs
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CESC is currently trading at Rs. 74.75, up by 0.20 points or 0.27% from its previous closing of Rs. 74.55 on the BSE.
The scrip opened at Rs. 74.55 and has touched a high and low of Rs. 75.60 and Rs. 74.55 respectively. So far 88896 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 94.50 on 06-Jan-2022 and a 52 week low of Rs. 68.00 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 77.00 and Rs. 74.05 respectively. The current market cap of the company is Rs. 9908.64 crore.
The promoters holding in the company stood at 52.11%, while Institutions and Non-Institutions held 35.32% and 12.56% respectively.
CESC has received an approval for the issuance of 3,000 Secured, Unlisted, Redeemable, Rated Non-Convertible Debentures (NCDs) having a face value of Rs 10 lakh each for cash at par aggregating to Rs 300 crore, on a private placement basis. The Committee of the Board at its meeting held on November 15, 2022, has approved the same.
CESC is engaged in power generation and distribution in state of West Bengal. The company is a fully integrated power utility with its operation spanning the entire value chain right from mining coal, generating power and distribution of power.
