Salem Erode Investments zooms on getting nod to raise Rs 150 crore
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Salem Erode Investments is currently trading at Rs. 51.00, up by 3.85 points or 8.17% from its previous closing of Rs. 47.15 on the BSE.
The scrip opened at Rs. 51.00 and has touched a high and low of Rs. 51.85 and Rs. 50.95 respectively. So far 3061 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 122.45 on 24-Mar-2022 and a 52 week low of Rs. 5.11 on 02-Sep-2021.
Last one week high and low of the scrip stood at Rs. 51.85 and Rs. 42.40 respectively. The current market cap of the company is Rs. 58.47 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 0.73% and 24.27% respectively.
Salem Erode Investments has received approval to raise Rs 150 crore through Non-Convertible Securities including but not limited to Non-Convertible Debentures, Bonds, Subordinate Debentures or such other similar debt instruments, secured or unsecured, in one or more series tranches on private placement basis, listed or unlisted and as may be decided by the Board, to such person or persons, including members, Debenture holders, Companies, Bodies Corporate, Individuals etc. The board of directors at its meeting held on August 23, 2022 has approved the same.
Salem Erode Investments is a dedicated finance company.
