Uno Minda surges on raising Rs 150 crore through NCDs
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UNO Minda is currently trading at Rs. 1064.50, up by 10.75 points or 1.02% from its previous closing of Rs. 1053.75 on the BSE.
The scrip opened at Rs. 1057.95 and has touched a high and low of Rs. 1072.00 and Rs. 1049.05 respectively. So far 10810 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1252.85 on 02-Sep-2024 and a 52 week low of Rs. 605.05 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1073.00 and Rs. 1025.00 respectively. The current market cap of the company is Rs. 61231.70 crore.
The promoters holding in the company stood at 68.75%, while Institutions and Non-Institutions held 24.95% and 6.30% respectively.
Uno Minda has raised Rs 150 crore through the allotment of 15,000 Unsecured, Listed, Rated, Redeemable, Non- Convertible, Non-Cumulative, Taxable Debentures (NCDs) having face value of Rs 1,00,000 each on Private Placement basis to the identified investor in third tranche in two series i.e., of Rs 100 crore (Series I) and Rs 50 crore (Series II) respectively. The company is in the process of applying for the listing of these aforesaid Debentures at BSE, Designated Stock Exchange. The NCD Committee of the Board of the Company at its meeting held on January 3, 2025, has considered and approved allotment of the same.
Now, with this allotment, along with previous allotments made in 1st and 2nd Tranche the company has fully allotted the NCDs of Rs 400 crore which was approved by the Board of Directors in its meeting held on August 09, 2023.
Uno Minda (formerly known as Minda Industries) offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.
