SBFC Finance zooms on raising Rs 200 crore via NCDs
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
SBFC Finance is currently trading at Rs. 94.47, up by 4.75 points or 5.29% from its previous closing of Rs. 89.72 on the BSE.
The scrip opened at Rs. 92.84 and has touched a high and low of Rs. 97.99 and Rs. 92.37 respectively. So far 781042 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 97.99 on 05-Mar-2024 and a 52 week low of Rs. 80.15 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 97.99 and Rs. 83.20 respectively. The current market cap of the company is Rs. 10188.79 crore.
The promoters holding in the company stood at 63.73%, while Institutions and Non-Institutions held 14.17% and 22.10% respectively.
SBFC Finance has raised Rs 200 crore through the allotment of 20,000 Secured, Rated, Listed, Redeemable NCDs, of face value of Rs 1,00,000 each at an issue price of Rs 1,00,000 on Private Placement basis. The Board of Directors of the Company through resolution passed by circulation on March 4, 2024 approved the allotment of the same.
SBFC Finance is a systemically important, non-deposit-taking Non-Banking Finance Company (NBFC-ND-SI).
