Raj Rayon Industries trades in green on planning to raise funds

Raj Rayon Industries is currently trading at Rs. 18.05, up by 0.35 points or 1.98% from its previous closing of Rs. 17.70 on the BSE.

Raj Rayon Industries
Raj Rayon Industries

The scrip opened at Rs. 18.05 and has touched a high and low of Rs. 18.05 and Rs. 18.05 respectively. So far 793 shares were traded on the counter.

The BSE group ‘T’ stock of face value Rs. 1 has touched a 52 week high of Rs. 18.05 on 08-Aug-2022 and a 52 week low of Rs. 0.21 on 22-Sep-2021.

Last one week high and low of the scrip stood at Rs. 18.05 and Rs. 17.70 respectively. The current market cap of the company is Rs. 995.06 crore.

The promoters holding in the company stood at 94.96% and Non-Institutions held 5.04%.

Raj Rayon Industries is planning to raise funds by way of equity shares or other securities through qualified institutions placement or any other method as may be permitted under applicable law, subject to such regulatory/statutory approvals as may be required including shareholders’ approval, if applicable. The Board of Directors of the Company in their meeting scheduled to be held on August 12, 2022 inter alia to consider the same.

Raj Rayon industries (RRIL) is one of the leading manufacturers of Polyester Yarn in India with product range including Polyester Texturised Yarn (PTY), Partially Oriented Yarn (POY) and Fully Drawn Yarn (FDY) backed by high technology plants located at Silvassa in the Union Territory of Dadra & Nagar Haveli, India.

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