RattanIndia Power gains on planning to raise Rs 1350 crore through NCDs
RattanIndia Power is currently trading at Rs. 3.23, up by 0.02 points or 0.62% from its previous closing of Rs. 3.21 on the BSE.
The scrip opened at Rs. 3.23 and has touched a high and low of Rs. 3.24 and Rs. 3.21 respectively. So far 917830 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5.65 on 13-Sep-2022 and a 52 week low of Rs. 2.82 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 3.37 and Rs. 3.16 respectively. The current market cap of the company is Rs. 1734.54 crore.
The promoters holding in the company stood at 44.06%, while Institutions and Non-Institutions held 7.50% and 48.44% respectively.
RattanIndia Power is planning to raise Rs 1350 crore for debt refinancing including by way of issuance of rated, listed or unlisted, secured, redeemable, nonconvertible debentures (NCDs) in one or more series/ tranches, on private placement basis. A meeting of the Board of Directors of the Company shall be held on May 14, 2023 to consider and approve the same.
RattanIndia Power is developing coal based thermal power projects Amravati and Nasik in Maharashtra.
