Kalpataru Power at new high
By
Ruma Dubey
about 6 months ago
Kalpataru Power, which had closed yesterday at Rs.517.85, opened higher today at Rs.520.05 and soon went on to hit a new 52-week high at Rs.565.90.
The stock rose after its Board approved raising Rs 99 crore via the issuance of non-convertible debentures (NCDs).
A total of 990 NCDs of face value of Rs 10 lakh each will be issued at a coupon rate of 8.46 per cent under the fundraising plan.
539.6 (+2.55)