Mawana Sugars gains on getting nod to enter into OTS with SBI

05 Jun 2017 Evaluate

Mawana Sugars is currently trading at Rs. 79.60, up by 0.40 points or 0.51% from its previous closing of Rs. 79.20 on the BSE.

The scrip opened at Rs. 79.60 and has touched a high and low of Rs. 80.55 and Rs. 78.95 respectively. So far 11184 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 99.00 on 23-May-2017 and a 52 week low of Rs. 34.65 on 17-Nov-2016.

Last one week high and low of the scrip stood at Rs. 86.00 and Rs. 75.25 respectively. The current market cap of the company is Rs. 311.37 crore.

The promoters holding in the company stood at 69.88%, while Institutions and Non-Institutions held 2.11% and 28.00% respectively.

Mawana Sugars has received an approval to enter into One Time Settlement (OTS) with State Bank of India (SBI) in respect of borrowings from State Bank of Hyderabad (SBH). The board of directors at its meeting held on June 2, 2017, has agreed for the same. The board has given approval for settling debt of State Bank of Hyderabad for a consolidated agreed amount of Rs 43.21 crore.

Mawana Sugars has been engaged in the business of manufacture and selling of chemicals, sugar and edible oils.

Mawana Sugars Share Price

100.50 -0.55 (-0.54%)
20-Dec-2024 16:59 View Price Chart
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