BPCL trades in green on planning to raise funds up to Rs 1,500 crore through debentures

Bharat Petroleum Corporation is currently trading at Rs. 327.25, up by 1.25 points or 0.38% from its previous closing of Rs. 326.00 on the BSE.

bpcl reports 16 rise in q4 net profit

The scrip opened at Rs. 326.00 and has touched a high and low of Rs. 328.65 and Rs. 325.85 respectively. So far 36653 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 398.60 on 21-Apr-2022 and a 52 week low of Rs. 288.20 on 20-Oct-2022.

Last one week high and low of the scrip stood at Rs. 333.40 and Rs. 323.90 respectively. The current market cap of the company is Rs. 70956.26 crore.

The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 35.27% and 11.76% respectively.

Bharat Petroleum Corporation (BPCL) is planning to raise up to Rs 1,500 crore during the current financial year 2022-23 through private placement of unsecured non-convertible debentures subject to market conditions. The debentures are proposed to be listed on Debt Market segment of BSE and National Stock Exchange of India. The details of the issue viz., class of investors, issue price, tenor, interest rate etc. will depend on the market conditions which will be intimated on crystallization of the issue.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

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