13-11-2024 11:21 AM | Source: Accord Fintech
Centum Electronics rises on getting nod to raise upto Rs 250 crore

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Centum Electronics is currently trading at Rs. 1680.20, up by 22.65 points or 1.37% from its previous closing of Rs. 1657.55 on the BSE.

The scrip opened at Rs. 1842.00 and has touched a high and low of Rs. 1842.00 and Rs. 1666.20 respectively. So far 146 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2097.15 on 29-Apr-2024 and a 52 week low of Rs. 1345.10 on 29-Dec-2023.

Last one week high and low of the scrip stood at Rs. 1845.25 and Rs. 1648.30 respectively. The current market cap of the company is Rs. 2137.71 crore.

The promoters holding in the company stood at 58.75%, while Institutions and Non-Institutions held 8.91% and 32.35% respectively.

Centum Electronics has received approval for raising of funds upto Rs 250 crore, through issuance of equity shares or any other equity linked instruments or securities including convertible preference shares, and / or bonds including foreign currency convertible bonds / debentures / non-convertible debt instruments along with warrants / convertible debentures / securities and / or any other equity based instruments, inter alia, a private placement or through one or more qualified institutions placement (QIP) and / or further public issue of equity and / or rights issue and / or through any other permissible mode in accordance with the relevant provisions of applicable law, subject to approval from the shareholders of the Company and the receipt of statutory / regulatory and other approvals. The Board of Directors of the company at their meeting held on November 12, 2024 has approved the same.

Centum Electronics is basically engaged in designing and manufacturing of advanced electronics systems, subsystems, and components.