Sanghi Industries gains on raising Rs 500 crore on private placement basis
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Sanghi Industries is currently trading at Rs. 97.88, up by 0.75 points or 0.77% from its previous closing of Rs. 97.13 on the BSE.
The scrip opened at Rs. 99.00 and has touched a high and low of Rs. 99.03 and Rs. 97.59 respectively. So far 43294 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 156.20 on 15-Jan-2024 and a 52 week low of Rs. 69.55 on 10-Jul-2023.
Last one week high and low of the scrip stood at Rs. 103.48 and Rs. 96.51 respectively. The current market cap of the company is Rs. 2536.24 crore.
The promoters holding in the company stood at 78.52%, while Institutions and Non-Institutions held 0.30% and 21.17% respectively.
Sanghi Industries has raised Rs 500 crore through the allotment of 50,00,00,000 8% Non-convertible Cumulative Redeemable Preference Shares (RPS) of face value of Rs 10 each at par on private placement basis to Ambuja Cements (Holding Company). The Finance Committee of the Board of Directors of the company at its meeting held on July 9, 2024 has approved allotment of the same.
Sanghi Industries is engaged in the manufacturing and marketing of cement and cement products in domestic and export markets.
