Udaipur Cement Works Ltd approves fund raising, rights issue

The board of directors of Udaipur Cements Works Ltd has approved the fund raising through Term Loans/NCDs on private placement basis, upto an amount of Rs. 1100 Crores for part financing the Company's Expansion Project and approved, issue of Equity Shares by way of a Rights Issue to the existing shareholders of the Company of an amount not exceeding Rs. 450 Crores.

Shares of UDAIPUR CEMENT WORKS LTD. was last trading in BSE at Rs. 31.85 as compared to the previous close of Rs. 31.25. The total number of shares traded during the day was 112712 in over 612 trades.

The stock hit an intraday high of Rs. 32.00 and intraday low of 31.20. The net turnover during the day was Rs. 3578275.00.

Source : Equity Bulls

Keywords

UDAIPURCEMENTWORKS INE225C01029 FundRaising NCDs RightsIssue