Sterlite Industries is currently trading at Rs. 103.00, up by 1.55 points or 1.53% from its previous closing of Rs. 101.45 on the BSE.
The scrip opened at Rs. 100.35 and has touched a high and low of Rs. 104.00 and Rs. 100.00 respectively. So far 5, 05,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 176.45 on 26-Jul-2011 and a 52 week low of Rs. 86.10 on 19-Dec-2011.
Last one week high and low of the scrip stood at Rs. 105.40 and Rs. 90.55 respectively. The current market cap of the company is Rs 34,615 crore.
The promoters holding in the company stood at 53.31% while Institutions and Non-Institutions held 21.39% and 12.85% respectively.
Sterlite Industries is reportedly mulling to raise Rs 2,500 crore by issuing 5-year bonds with a put/call option at the end of third year and 10-year bonds with five-year put/call, in order to fund the requirements of Sterlite Energy, and so is in talk with several bankers for the same.
Base size of the issue is expected to be at Rs 1,500 crore with a green shoe option of up to Rs 1,000 crore. Meanwhile, the issue will have a security cover of 1.25 times by Sterlite Energy assets.
Sterlite Energy, the energy arm of Vedanta Resources Plc, has taken a major initiative towards the advancement of the power infrastructure by developing two thermal power projects, one in Jharsuguda, Orissa and another in Talwandi, Punjab, with a combined proposed installed capacity of 4,380 MW.
| Company Name | CMP |
|---|---|
| Hindalco | 652.00 |
| Vedanta | 445.05 |
| Hindustan Zinc | 491.70 |
| Gravita India | 2090.50 |
| Ram Ratna Wires | 594.05 |
| View more.. | |
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