Safari Industries (India) is currently trading at Rs. 390.00, up by 36.27 points or 10.25% from its previous closing of Rs. 353.73 on the BSE.
The scrip opened at Rs. 389.90 and has touched a high and low of Rs. 424.00 and Rs. 377.00 respectively. So far 3463 shares were traded on the counter.
The BSE group 'XC' stock of face value Rs. 2 has touched a 52 week high of Rs. 424.00 on 22-Sep-2017 and a 52 week low of Rs. 171.02 on 09-Nov-2016.
Last one week high and low of the scrip stood at Rs. 424.00 and Rs. 311.20 respectively. The current market cap of the company is Rs. 827.82 crore.
The promoters holding in the company stood at 61.98 %, while Institutions and Non-Institutions held 20.09 % and 17.93 % respectively.
Safari Industries (India) has received an approval to raise funds up to Rs 51 crore by way of preferential allotment. The Board of Directors of the Company at their meeting held on September 21, 2017 has approved the same.
The company has planned to issue up to 12,50,000 Equity shares of Rs 2 each at a price of Rs 340 per share (inclusive of premium of Rs 338 per share) aggregating to Rs 42.50 crore on Preferential basis to Malabar India Fund. Post allotment of the said shares, the shareholding of Malabar India Fund will be 13,12,525 shares representing 5.90% of the paid up share capital, while it will issue up to 2,50,000 Equity shares of Rs 2 each at a price of Rs 340 per share (inclusive of premium of Rs 338 per share) aggregating to Rs 8.50 crore on Preferential basis to Malabar Value Fund. Post allotment of the said shares, the shareholding of Malabar Value Fund will be 2,65,500 shares representing 1.19% of the paid up share capital.
Safari Industries (India) manufactures injection-moulded plastic articles and vacuum-formed plastic articles.
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