Hindalco shines on raising Rs 1,500 crore via NCD issue

28 Jun 2012 Evaluate

Hindalco Industries is currently trading at Rs. 117.20, up by 0.45 points or 0.39% from its previous closing of Rs. 116.75 on the BSE.

The scrip opened at Rs. 117.75 and has touched a high and low of Rs. 118.35 and Rs. 117.10 respectively. So far 153126 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 197.00 on 07-Jul-2011 and a 52 week low of Rs. 105.35 on 18-May-2012.

Last one week high and low of the scrip stood at Rs. 120.60 and Rs. 113.40 respectively. The current market cap of the company is Rs. 22543.74 crore.

The promoters holding in the company stood at 32.06% while Institutions and Non-Institutions held 41.79% and 17.76% respectively. 

Hindalco Industries has raised Rs 1,500 crore through issuing secured redeemable non-convertible debentures (NCD) on Private Placement basis at the coupon of 9.55% per annum. The proceeds will be used, for general, business purposes including capital expenditure, working capital, refinancing of existing debt.

The committee of directors in their meeting held on June 27, 2012, approved the allotment of 15,000 secured redeemable non-convertible debentures on private placement basis, having the face value of Rs 10,00,000 each to the eligible investors.

The aforesaid debentures are proposed to be listed on WDM of National Stock Exchange of India (NSE).

Hindalco Share Price

623.75 -5.75 (-0.91%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 623.75
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