Kesoram Industries soars on getting nod to raise Rs 650 crore

21 Dec 2015 Evaluate

Kesoram Industries is currently trading at Rs. 114.80, up by 5.40 points or 4.94% from its previous closing of Rs. 109.40 on the BSE.

The scrip opened at Rs. 113.00 and has touched a high and low of Rs. 114.80 and Rs. 111.90 respectively. So far 94657 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 148.85 on 13-Apr-2015 and a 52 week low of Rs. 69.50 on 15-Jun-2015.

Last one week high and low of the scrip stood at Rs. 114.80 and Rs. 95.50 respectively. The current market cap of the company is Rs. 1200.87 crore.

The promoters holding in the company stood at 46.01% while Institutions and Non-Institutions held 8.77% and 38.80% respectively.

Kesoram Industries has received its board’s approval to raise around Rs 650 crore through issue of securities. The board also approved disposal and transfer of the company’s Spun Pipe and the Heavy Chemicals undertakings both located in West Bengal. Such disposal will be subject to receipt of such permissions and consents, if any, that may be required.

Further, the company’s board approved divestment of certain of its investments in listed companies at prevailing market prices for the purpose of enhancing cash inflows.

Kesoram Industries is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes. KIL is also listed on Societe de la Bourse de Luxembourg stock exchange.

 

Kesoram Industries Share Price

220.90 -0.20 (-0.09%)
23-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11467.90
Ambuja Cement 551.25
ACC 2099.85
Shree Cement 27185.50
Dalmia Bharat 1760.90
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.