Greenlam Industries spurts on executing share subscription agreement with Smiti Holding and Trading Company
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Greenlam Industries is currently trading at Rs. 321.55, up by 9.30 points or 2.98% from its previous closing of Rs. 312.25 on the BSE.
The scrip opened at Rs. 312.00 and has touched a high and low of Rs. 324.95 and Rs. 311.90 respectively. So far 1209 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. 231.00 on 23-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. 3862.42 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 executed share subscription agreement (SSA) on June 21, 2022 with Smiti Holding and Trading Company for the issuance and allotment of upto 63,10,680 equity shares of face value of Re 1 at a price of Rs 309 per equity share (including a premium of Rs 308 per equity share) each of the Company to the Investor on preferential basis, in compliance with the applicable provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable laws.
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.
