HT Media jumps on planning to raise Rs 96 crore through NCDs

HT Media is currently trading at Rs. 27.75, up by 1.50 points or 5.71% from its previous closing of Rs. 26.25 on the BSE.

The scrip opened at Rs. 26.00 and has touched a high and low of Rs. 28.60 and Rs. 25.95 respectively. So far 251596 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 35.15 on 22-Jul-2021 and a 52 week low of Rs. 15.31 on 29-Dec-2020.

Last one week high and low of the scrip stood at Rs 28.60 and Rs. 24.85 respectively. The current market cap of the company is Rs. 643.55 crore.

The promoters holding in the company stood at 69.51%, while Institutions and Non-Institutions held 3.61% and 26.89% respectively.

HT Media is planning to raise Rs 96 crore through allotment of 960 listed, secured, rated, redeemable non-convertible debentures (NCDs) of face value of Rs 10 lakh each, issued at par on private placement basis, on or after December 30,2021 (issue opening date).

HT Media is engaged in printing and publishing of newspapers. The company’s segments include Printing & Publishing; Radio Broadcast & Entertainment, and Digital.

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