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DCW soars on raising Rs 2.71 crore via NCDs

DCW is currently trading at Rs. 15.65, up by 0.40 points or 2.62% from its previous closing of Rs. 15.25 on the BSE.

The scrip opened at Rs. 15.40 and has touched a high and low of Rs. 15.75 and Rs. 15.25 respectively. So far 26658 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 25.75 on 07-Sep-2018 and a 52 week low of Rs. 13.15 on 11-Feb-2019.

Last one week high and low of the scrip stood at Rs. 16.35 and Rs. 15.15 respectively. The current market cap of the company is Rs. 345.85 crore.

The promoters holding in the company stood at 47.42%, while Institutions and Non-Institutions held 10.12% and 42.46% respectively.

DCW has raised funds through allotment of tenth tranche of 271 Unrated Unlisted Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,00,000 aggregating to Rs 2.71 crore on a private placement basis on September 06, 2019. The Committee of Board of Directors of the company approved the same.

DCW is an industry pioneer with a strong presence in the Chlor-Alkali, Synthetic Rutile and PVC business segments, with a successful record of innovation and in pioneering new products and processes.

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