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MRF inches up on raising Rs 150 crore through NCDs
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MRF is currently trading at Rs. 85200.00, up by 104.60 points or 0.12% from its previous closing of Rs. 85095.40 on the BSE.
The scrip opened at Rs. 85759.70 and has touched a high and low of Rs. 85809.05 and Rs. 84612.20 respectively. So far 100 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 95954.35 on 07-Nov-2022 and a 52 week low of Rs. 63800.05 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 89882.45 and Rs. 84612.20 respectively. The current market cap of the company is Rs. 36087.57 crore.
The promoters holding in the company stood at 27.87%, while Institutions and Non-Institutions held 29.59% and 42.53% respectively.
MRF has raised Rs 150 crore through allotment of 15,000 listed, unsecured, rated, redeemable, taxable, non-convertible debentures (NCDs) each having a face value of Rs 1,00,000 on a private placement basis. Date of maturity of the said NCDs will be on February 24, 2026.
MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles.
