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Transwarranty Finance touches roof on planning to raise funds up to Rs 1 crore

Transwarranty Finance is currently trading at its upper circuit limit of Rs. 4.50, up by 0.75 points or 20.00% from its previous closing of Rs. 3.75 on the BSE.

The scrip opened at Rs. 4.22 and has touched a high and low of Rs. 4.50 and Rs. 4.22 respectively. So far 200 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 9.05 on 20-May-2019 and a 52 week low of Rs. 3.51 on 29-Oct-2019.

Last one week high and low of the scrip stood at Rs. 3.93 and Rs. 3.61 respectively. The current market cap of the company is Rs. 8.07 crore.

The promoters holding in the company stood at 53.62% and Non-Institutions held 46.38% stake in the company.

Transwarranty Finance has received an approval for raising of funds by offering the fifth tranche/Series E/2019-20 of secured and/or unsecured redeemable non-convertible debentures including subordinated debt on private placement basis for an amount not exceeding the aggregate amount of Rs 1 crore. The Board of Directors at its meeting held on December 10, 2019, approved the same.

Transwarranty Finance is a full service Financial & Capital Market Services Company, providing a wide range of services to over 1,000 Large, Small and Medium companies and thousands of retail clients all over India, since 1994.

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