Walchandnagar Industries zooms on plan to raise Rs 57 crore on private placement basis

20 Sep 2017 Evaluate

Walchandnagar Industries is currently trading at Rs. 226.50, up by 23.95 points or 11.82% from its previous closing of Rs. 202.55 on the BSE.

The scrip opened at Rs. 210.00 and has touched a high and low of Rs. 240.90 and Rs. 205.10 respectively. So far 1702513 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 240.90 on 20-Sep-2017 and a 52 week low of Rs. 131.90 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 240.90 and Rs. 148.00 respectively. The current market cap of the company is Rs. 871.62 crore.

The promoters holding in the company stood at 55.00%, while institutions and non-institutions held 4.90% and 40.10% respectively.

Walchandnagar Industries has received an approval to raise Rs 57 crore on private placement basis. The Allotment Committee constituted by the Board of Director of the Company vide Resolution passed by the Circulation on September 18, 2017 has approved the allotment of 5700 Secured, Unlisted, Redeemable, Non-Convertible Debentures having face value of Rs 1 Lakh, aggregating to Rs 57 crore.

Walchandnagar Industries is diversified as a high-tech heavy engineering company, manufacturing critical equipment for India's diverse requirements in the field of defence, nuclear power and space programmes, and also for core sectors like cement plant machinery, steam generation and power projects, sugar plant machinery, industrial and marine gearboxes.

Walchandnagar Inds Share Price

152.95 -8.05 (-5.00%)
11-Mar-2025 11:56 View Price Chart
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