Shree Cement gains on planning to raise funds up to Rs 700 crore via NCDs
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Shree Cement is currently trading at Rs. 26248.95, up by 138.70 points or 0.53% from its previous closing of Rs. 26110.25 on the BSE.
The scrip opened at Rs. 26102.35 and has touched a high and low of Rs. 26248.95 and Rs. 25938.15 respectively. So far 212 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 27100.00 on 15-Sep-2023 and a 52 week low of Rs. 20165.80 on 17-Oct-2022.
Last one week high and low of the scrip stood at Rs. 27100.00 and Rs. 25938.15 respectively. The current market cap of the company is Rs. 94207.92 crore.
The promoters holding in the company stood at 62.55%, while Institutions and Non-Institutions held 24.62% and 12.83% respectively.
Shree Cement is planning to raise funds through issuance of secured, rated, redeemable, taxable, non-convertible debentures (NCDs) aggregating to an amount up to Rs 700 crore on private placement basis. A meeting of the NCD Committee of the Board of Directors of the Company will be held on September 25, 2023 to consider and approve the same.
Shree Cement is a rapidly growing Company focused on its core business of Cement & Power.
