Jindal Stainless surges on raising Rs 375 crore via NCDs
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Jindal Stainless is currently trading at Rs. 187.25, up by 10.60 points or 6.00 % from its previous closing of Rs. 176.65 on the BSE.
The scrip opened at Rs. 176.65 and has touched a high and low of Rs. 188.85 and Rs. 176.65 respectively. So far 69789 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.60 on 08-Feb-2022 and a 52 week low of Rs. 60.30 on 19-Mar-2021.
Last one week high and low of the scrip stood at Rs. 200.10 and Rs. 173.40 respectively. The current market cap of the company is Rs. 8907.98 crore.
The promoters holding in the company stood at 68.60 % while Institutions and Non-Institutions held 22.22 % and 9.01 % respectively.
Jindal Stainless has raised Rs 375 crore through the allotment of 3,750 Listed, Rated, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) having nominal value of Rs 10,00,000 each, to the investors. The Sub-Committee of the Board of Directors of the Company at its meeting held on February 24, 2022, has allotted the same.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
