Elitecon International trades higher on getting nod to raise Rs 1000 crore
Elitecon International is currently trading at Rs. 7.22, up by 0.06 points or 0.84% from its previous closing of Rs. 7.16 on the BSE.
The scrip opened at Rs. 7.19 and has touched a high and low of Rs. 7.32 and Rs. 7.18 respectively. So far 86418 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 179.40 on 07-Nov-2025 and a 52 week low of Rs. 7.09 on 09-Oct-2026.
Last one week high and low of the scrip stood at Rs. 7.78 and Rs. 7.09 respectively. The current market cap of the company is Rs. 1150.92 crore.
The promoters holding in the company stood at 59.43%, while Institutions and Non-Institutions held 36.43% and 4.14% respectively.
Elitecon International has received approval for proposal to raise funds for an aggregate amount not exceeding Rs. 1,000 crore by way of issuance of equity shares of the company and/or such other eligible securities, including securities convertible into or exchangeable for equity shares, as may be permissible under applicable law, through one or more Qualified Institutions Placements (QIP), in one or more tranches and/or issuances. The Board of Directors of the Company at its meeting held on October 12, 2026, has, inter alia, considered and approved the same.
