Rushil Decor jumps on getting nod to raise funds
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Rushil Decor is currently trading at Rs. 527.00, up by 52.50 points or 11.06% from its previous closing of Rs. 474.50 on the BSE.
The scrip opened at Rs. 529.90 and has touched a high and low of Rs. 560.00 and Rs. 500.00 respectively. So far 12584 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 600.45 on 11-Apr-2022 and a 52 week low of Rs. 231.45 on 24-Aug-2021.
Last one week high and low of the scrip stood at Rs. 560.00 and Rs. 439.10 respectively. The current market cap of the company is Rs. 1033.42 crore.
The promoters holding in the company stood at 55.03%, while Institutions and Non-Institutions held 1.33% and 43.64% respectively.
Rushil Decor has received approval for raising of fund by issuance and allotment of equity shares up to an amount not exceeding Rs 200 crore including premium, by way of issue of equity shares through rights issue in accordance with applicable laws including Companies Act, 2013 and the rules made thereunder and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended up to date. The board of directors at its meeting held on August 06, 2022 considered and approved the same.
Rushil Decor is a leader in the Decorative High Pressure Laminates market in India.
