Home / BUSINESS / Aditya Birla Capital gains on getting nod to raise funds via equity, debt instruments

Aditya Birla Capital gains on getting nod to raise funds via equity, debt instruments

Aditya Birla Capital is currently trading at Rs. 102.45, up by 0.80 points or 0.79% from its previous closing of Rs. 101.65 on the BSE.

The scrip opened at Rs. 102.90 and has touched a high and low of Rs. 103.90 and Rs. 101.90 respectively. So far 190796 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 166.00 on 08-May-2018 and a 52 week low of Rs. 77.55 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 103.90 and Rs. 96.55 respectively. The current market cap of the company is Rs. 22377.38 crore.

The promoters holding in the company stood at 72.74%, while Institutions and Non-Institutions held 11.16% and 15.32% respectively.

Aditya Birla Capital has received approval from its board for raising funds up to Rs 3,500 crore through both equity and debt issuance. The company seeks shareholders’ nod for the same.

The funds can be raised in one or more tranches by way of issuance of equity shares and equity linked instruments, including convertible preference shares, non-convertible debt instruments along with warrants, debentures, and/or any other securities convertible into equity shares, global depository receipts, American depository receipts and foreign currency convertible bonds.

Aditya Birla Capital is one of the largest financial services players in India.

Please share this news