Happiest Minds Technologies gains on getting nod to raise Rs 125 crore via NCDs
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Happiest Minds Technologies is currently trading at Rs. 858.05, up by 7.90 points or 0.93% from its previous closing of Rs. 850.15 on the BSE.
The scrip opened at Rs. 851.45 and has touched a high and low of Rs. 863.50 and Rs. 843.80 respectively. So far 19124 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1220.00 on 15-Mar-2022 and a 52 week low of Rs. 785.55 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 869.30 and Rs. 839.00 respectively. The current market cap of the company is Rs. 12595.02 crore.
The promoters holding in the company stood at 53.25%, while Institutions and Non-Institutions held 5.40% and 41.36% respectively.
Happiest Minds Technologies has received an approval for the issue and allotment of up to 12500 unsecured, negotiable, redeemable, rated, listed, non-convertible debentures (NCDs) aggregating to Rs 125 crore on private placement basis in domestic market in three tranches for raising funds to be utilized towards the general corporate purposes of the company. The Board of Directors of the company at its meeting held on March 02, 2023 has considered and approved the same.
The issue of commercial papers in domestic market on private placement basis has been deferred for consideration at an appropriate time.
Happiest Minds Technologies is a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights.
