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24-May2018

Ratnamani Metals surges on getting nod to raise funds on private placement basis

Ratnamani Metals & Tubes is currently trading at Rs. 1005.00, up by 3.20 points or 0.32% from its previous closing of Rs. 1001.80 on the BSE.

The scrip opened at Rs. 1005.05 and has touched a high and low of Rs. 1005.05 and Rs. 1004.95 respectively.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1217.00 on 04-Jan-2018 and a 52 week low of Rs. 707.05 on 02-Jun-2017.

Last one week high and low of the scrip stood at Rs. 1010.00 and Rs. 973.70 respectively. The current market cap of the company is Rs. 4696.16 crore.

The promoters holding in the company stood at 60.09%, while Institutions and Non-Institutions held 20.08% and 19.82% respectively.

Ratnamani Metals & Tubes has received an approval for the issuance of Unsecured / Secured Redeemable Non-Convertible Debentures / Bonds by way of Private Placement for an amount not exceeding Rs 500 crore. The Board of Directors of the company at their meeting held on May 22, 2018, approved the same.

Ratnamani Metals & Tubes is a multi-location, multi-product company, in India, manufacturing Tubes & Pipes in Stainless Steel/Exotic material and also Carbon Steel Pipes, in wide size ranges, for wide spectrum of applications.


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