Varroc Engineering shines on raising Rs 250 crore through NCDs
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Varroc Engineering is currently trading at Rs. 456.55, up by 13.25 points or 2.99% from its previous closing of Rs. 443.30 on the BSE.
The scrip opened at Rs. 455.00 and has touched a high and low of Rs. 466.90 and Rs. 451.25 respectively. So far 12491 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 466.90 on 08-Sep-2023 and a 52 week low of Rs. 239.80 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 466.90 and Rs. 412.30 respectively. The current market cap of the company is Rs. 6773.02 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.28% and 7.72% respectively.
Varroc Engineering has raised Rs 250 crore through allotment of 25,000 Rated, listed, senior, unsecured, redeemable, taxable, transferable, non-convertible debentures (NCDs) of the face value of Rs 1,00,000 each. The Finance Committee of the Board of Directors of the Company at its meeting held on September 7, 2023 approved the same.
Varroc Engineering is a global tier-1 automotive component group.
