JMC Projects inches up on raising Rs 75 crore through NCDs

JMC Projects (India) is currently trading at Rs. 106.15, up by 0.15 points or 0.14% from its previous closing of Rs. 106.00 on the BSE.

jmc projects gains on raising rs 100 crore via ncds
JMC Projects

The scrip opened at Rs. 107.50 and has touched a high and low of Rs. 108.25 and Rs. 105.65 respectively. So far 7785 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 117.35 on 19-Oct-2021 and a 52 week low of Rs. 65.00 on 11-May-2022.

Last one week high and low of the scrip stood at Rs. 110.30 and Rs. 100.30 respectively. The current market cap of the company is Rs. 1802.46 crore.

The promoters holding in the company stood at 67.75%, while Institutions and Non-Institutions held 20.40% and 11.84% respectively.

JMC Projects has raised Rs 75 crore through allotment of 750 Repo Rate, Unsecured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 10 lakh each divided in Series A Debentures (375 Nos.) and Series B Debentures (375 Nos.) on private placement basis.

The Management Committee of the Board of Directors of the Company at its meeting held on October 17, 2022 has allotted the same.

JMC Projects, a subsidiary of Kalpataru Power Transmission, is India’s one of the leading contracting company. The company is mainly engaged in the construction of industrial and residential buildings and also power and infrastructure development projects.

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