Kirloskar Ferrous Industries trades jubilantly on raising Rs 250 crore through NCDs
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Kirloskar Ferrous Industries is currently trading at Rs. 202.80, up by 15.45 points or 8.25% from its previous closing of Rs. 187.35 on the BSE.
The scrip opened at Rs. 190.00 and has touched a high and low of Rs. 206.50 and Rs. 190.00 respectively. So far 59118 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 313.75 on 30-Jul-2021 and a 52 week low of Rs. 148.10 on 19-Mar-2021.
Last one week high and low of the scrip stood at Rs. 206.50 and Rs. 185.35 respectively. The current market cap of the company is Rs. 2814.57 crore.
The promoters holding in the company stood at 59.05%, while Institutions and Non-Institutions held 12.74% and 28.20% respectively.
Kirloskar Ferrous Industries has raised Rs 250 crore through rated, listed, unsecured, redeemable Non-Convertible Debentures (NCDs) and allotted 2,500 NCDs having face value of Rs 10 lakh each in two series of 1,250 NCDs each on a private placement basis to the identified investors.
Kirloskar Ferrous Industries (KFIL) was formed with the intention of transforming the high quality Pig Iron and Grey Iron casting industry. With a parent company that possesses a rich 130year manufacturing and engineering legacy, KFIL has been built on a solid foundation of innovation and customer centricity.
