GOCL Corporation gains on getting nod for fund raising up to Rs 250 crore through NCDs
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GOCL Corporation is currently trading at Rs. 223.45, up by 0.75 points or 0.34% from its previous closing of Rs. 222.70 on the BSE.
The scrip opened at Rs. 221.00 and has touched a high and low of Rs. 225.25 and Rs. 216.50 respectively. So far 511 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 279.95 on 12-Feb-2021 and a 52 week low of Rs. 111.00 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 233.90 and Rs. 216.00 respectively. The current market cap of the company is Rs. 1107.70 crore.
The promoters holding in the company stood at 73.83%, while Institutions and Non-Institutions held 4.70% and 21.46% respectively.
GOCL Corporation has received approval from Board of Directors for fund raising up to Rs 250 crore by way of private placement of Unsecured Redeemable Non-Convertible Debentures (NCDs) to be issued in one or more tranches as may be decided by the Board of Directors or a Committee thereof from time to time. The Board of Directors of the Company, at its meeting held on March 18, 2021 has approved the same.
GOCL Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.
