Salem Erode Investments jumps on raising Rs 40.60 lakh through NCDs
Salem Erode Investments is currently trading at Rs. 43.30, up by 0.85 points or 2.00% from its previous closing of Rs. 42.45 on the BSE.
The scrip opened at Rs. 43.30 and has touched a high and low of Rs. 43.30 and Rs. 43.30 respectively. So far 5 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 62.00 on 10-Dec-2024 and a 52 week low of Rs. 36.56 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 45.00 and Rs. 38.10 respectively. The current market cap of the company is Rs. 49.65 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 0.73% and 24.27% respectively.
Salem Erode Investments has raised Rs 40.60 lakh through the allotment of 4,060 Unlisted Secured Redeemable Non-Convertibles Debentures (NCDs), of face value of Rs 1,000 on a private placement basis. The Debenture and Bond Committee of the Board of Directors of the Company has, at its meeting held on June 23, 2025 approved the allotment of the same.
Salem Erode Investments is a Non-Banking Finance Company engaged in the business of making investments and providing loans and does not hold any type of inventory.
