MBL Infrastructure rises on planning to raise funds
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MBL Infrastructure is currently trading at Rs. 20.65, up by 0.22 points or 1.08% from its previous closing of Rs. 20.43 on the BSE.
The scrip opened at Rs. 21.45 and has touched a high and low of Rs. 21.45 and Rs. 19.65 respectively.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.75 on 05-Jan-2023 and a 52 week low of Rs. 14.50 on 31-Mar-2023.
Last one week high and low of the scrip stood at Rs. 21.45 and Rs. 19.65 respectively. The current market cap of the company is Rs. 216.32 crore.
The promoters holding in the company stood at 68.49%, while Non-Institutions held 31.51% stake in the company.
MBL Infrastructure is planning to raise funds through issue of securities, whether denominated in Indian Rupee and/or foreign currency (ies), either by way of public issue or private placement (including through a qualified institutions placement) or any other mode, as permitted under the Companies Act, 2013 and/or SEBI Regulations. A meeting of Board of Directors of the Company will be held on July 15, 2023, to consider the same.
MBL Infrastructure (formerly MBL Infrastructures) is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients. MBL has a fast growing business that provides integrated engineering, procurement and construction services for civil construction and infrastructure sector projects.
