Greenlam Industries jumps on getting nod to raise Rs 195 crore
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Greenlam Industries is currently trading at Rs. 318.65, up by 20.40 points or 6.84% from its previous closing of Rs. 298.25 on the BSE.
The scrip opened at Rs. 296.90 and has touched a high and low of Rs. 331.15 and Rs. 286.90 respectively. So far 10577 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 415.90 on 19-Apr-2022 and a 52 week low of Rs. 225.48 on 21-Jun-2021.
Last one week high and low of the scrip stood at Rs. 331.15 and Rs. 286.90 respectively. The current market cap of the company is Rs. 3887.77 crore.
The promoters holding in the company stood at 53.90%, while Institutions and Non-Institutions held 15.82% and 30.28% respectively.
Greenlam Industries has received approval for the issue of up to 63,10,680 equity shares having face value of Rs 1 each of the Company to Smiti Holding and Trading Company, a qualified institutional buyer on a preferential basis at a price of Rs 309 per equity share aggregating to Rs 195 crore. The Preferential Issue will be subject to customary closing conditions between the Investor and the Company. The Board of Directors of the company, at its meeting held June 20, 2022, has approved the same.
Greenlam Industries is one of the leading laminate manufacturers and Asian market leader in decorative laminates. It is a decorative Laminates manufacturer which ensures superior design, quality and systems.
