Uno Minda inches up on planning to raise funds up to Rs 1500 crore
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UNO Minda is currently trading at Rs. 565.10, up by 0.30 points or 0.05% from its previous closing of Rs. 564.80 on the BSE.
The scrip opened at Rs. 564.80 and has touched a high and low of Rs. 572.00 and Rs. 553.60 respectively. So far 11024 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 604.00 on 09-Sep-2022 and a 52 week low of Rs. 401.85 on 16-May-2022.
Last one week high and low of the scrip stood at Rs. 572.00 and Rs. 502.25 respectively. The current market cap of the company is Rs. 32381.00 crore.
The promoters holding in the company stood at 70.06%, while Institutions and Non-Institutions held 23.26% and 6.68% respectively.
Uno Minda is planning to raise funds / issuance of securities upto Rs 1500 crore, by way of debt issue, qualified institutional placement etc. The meeting of the Board of Directors of the Company is scheduled on May 18, 2023, inter alia, to consider and approve the same.
Uno Minda (formerly known as Minda Industries) offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.
