TNPL gains on redeeming NCDs amounting Rs 100 crore issued to LIC

06 Aug 2015 Evaluate

Tamil Nadu Newsprint and Papers (TNPL) is currently trading at Rs. 208.90, up by 0.60 points or 0.29% from its previous closing of Rs. 208.30 on the BSE.

The scrip opened at Rs. 209.80 and has touched a high and low of Rs. 209.80 and Rs. 207.60 respectively. So far 1,945 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 217.00 on 04-Aug-2015 and a 52 week low of Rs. 112.00 on 24-Mar-2015.

Last one week high and low of the scrip stood at Rs. 217.00 and Rs. 196.10 respectively. The current market cap of the company is Rs. 1,443.00 crore.

The promoters holding in the company stood at 35.32% while Institutions and Non-Institutions held 39.13% and 25.55% respectively.

Tamil Nadu Newsprint and Papers (TNPL) has redeemed the NCDs amounting Rs 100 crore issued to LIC. The company had earlier raised Rs 100 crore through issuance of Non-Convertible Debentures (NCDs) - Series I by way of private placement basis from Life Insurance Corporation of India (LIC). The NCDs were listed on Bombay Stock Exchange (BSE) and fully redeemed on June 30, 2015 and there is no outstanding in respect of principal as well as interest on the subject security.

TNPL was established with an intention to manufacture newsprint and printing and writing paper by using bagasse as a raw material. The company manufactures products such as ultra white maplitho, elegant maplitho, hi-tech maplitho, creamwove, copy crown and copier.


TN Newsprints Share Price

179.50 -7.25 (-3.88%)
10-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
JK Paper 404.20
TN Newsprints 179.50
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