Kalpataru Power at new high
By
Ruma Dubey
about 12 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.
668.85 (+7.10)