RHI Magnesita India rise on making additional investment in Dalmia OCL
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RHI Magnesita India is currently trading at Rs. 674.90, up by 2.10 points or 0.31% from its previous closing of Rs. 672.80 on the BSE.
The scrip opened at Rs. 673.25 and has touched a high and low of Rs. 679.95 and Rs. 671.25 respectively. So far 3000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 893.15 on 06-Jan-2023 and a 52 week low of Rs. 461.15 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 714.30 and Rs. 643.05 respectively. The current market cap of the company is Rs. 13731.16 crore.
The promoters holding in the company stood at 60.11%, while Institutions and Non-Institutions held 10.19% and 29.71% respectively.
RHI Magnesita India has made further investment in Dalmia OCL (DOCL), a wholly owned subsidiary of the Company by way of subscription of 1,69,75,051 equity share of DOCL having face value of Rs 10 each at a premium of Rs 197 each for an amount aggregating to Rs 351.38 crore on right issue basis.
The subscription of equity shares of DOCL by the Company for the purpose of repayment or pre?payment, in full or in part, of certain borrowings availed by DOCL.
RHI Magnesita India offers a wide range of Refractory and Monolithic products for the iron and steel industry and enjoy large domestic and international clientele.
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