Abans Enterprises soars on getting nod to raise funds worth Rs 1,000 crore
Abans Enterprises is currently trading at Rs. 30.60, up by 0.67 points or 2.24% from its previous closing of Rs. 29.93 on the BSE.
The scrip opened at Rs. 32.49 and has touched a high and low of Rs. 32.49 and Rs. 30.51 respectively. So far 7357 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 45.40 on 21-Oct-2024 and a 52 week low of Rs. 22.40 on 23-May-2024.
Last one week high and low of the scrip stood at Rs. 32.49 and Rs. 25.25 respectively. The current market cap of the company is Rs. 213.43 crore.
The promoters holding in the company stood at 74.56%, while Institutions and Non-Institutions held 11.48% and 13.96% respectively.
Abans Enterprises has received approval for raising of funds by way of issuance of debt securities or other non-convertible securities, through private placement basis, listed or unlisted, for an amount not exceeding Rs 1,000 crore, in one or more tranches, subject to such approvals as may be required including that of shareholders/ regulatory and statutory approvals. The Board of Directors of the Company at their Meeting held on May 14, 2025 have, inter alia, considered, and approved the same.
Abans Enterprises is involved in the business of trading, processing, broking and consulting in all kind of commodities, agricultural products, base metals, precious metals and stones and trading in commodities, shares and derivatives of all kind in electronic exchanges.
