JMC Projects (India) surges on getting nod to raise Rs 200 crore via NCDs
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JMC Projects (India) is currently trading at Rs. 99.85, up by 1.15 points or 1.17% from its previous closing of Rs. 98.70 on the BSE.
The scrip opened at Rs. 99.55 and has touched a high and low of Rs. 100.95 and Rs. 98.00 respectively. So far 5954 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 119.85 on 30-Sep-2021 and a 52 week low of Rs. 65.00 on 11-May-2022.
Last one week high and low of the scrip stood at Rs. 106.00 and Rs. 97.30 respectively. The current market cap of the company is Rs. 1695.00 crore.
The promoters holding in the company stood at 67.75%, while Institutions and Non-Institutions held 20.40% and 11.84% respectively.
JMC Projects (India) has received an approval for raising of funds upto Rs 200 crore by way of issue of Listed, Rated, Secured/Unsecured, Redeemable Non-Convertible Debentures (NCDs) of the Company on private placement basis, in one or more tranches/series within the borrowing limits approved by the shareholders subject to such statutory and regulatory approvals as may be necessary under applicable laws. The Board of Directors of the Company at their meeting held on September 21, 2022 has inter-alia approved the same.
JMC Projects (India), a subsidiary of Kalpataru Power Transmission, is India’s one of the leading contracting company. The company is mainly engaged in the construction of industrial and residential buildings and also power and infrastructure development projects.
