Hindalco Industries gains on raising Rs 700 crore via NCDs
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Hindalco Industries is currently trading at Rs. 497.10, up by 9.15 points or 1.88% from its previous closing of Rs. 487.95 on the BSE.
The scrip opened at Rs. 487.95 and has touched a high and low of Rs. 499.50 and Rs. 487.95 respectively. So far 209534 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 636.00 on 29-Mar-2022 and a 52 week low of Rs. 309.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 499.50 and Rs. 476.90 respectively. The current market cap of the company is Rs. 111674.33 crore.
The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 51.70% and 9.96% respectively.
Hindalco Industries has raised Rs 700 crore through the allotment of 70,000-7.60% p.a., Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) of Rs 1,00,000 each on Private Placement Basis. The said NCDs have been rated as AA+ (Stable) by CARE Ratings. The Capital Raising Committee of the Board of Directors of the company has on January 18, 2023 approved allotment of the same.
Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.
