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Jyothy Laboratories zooms on getting nod to raise Rs 500 crore

  • May-16-2018
  • 15 Hrs IST

Jyothy Laboratories is currently trading at Rs. 393.80, up by 20.60 points or 5.52% from its previous closing of Rs. 373.20 on the BSE.

The scrip opened at Rs. 373.25 and has touched a high and low of Rs. 397.65 and Rs. 365.10 respectively. So far 34919 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 441.00 on 19-Sep-2017 and a 52 week low of Rs. 325.00 on 16-Nov-2017.

Last one week high and low of the scrip stood at Rs. 397.65 and Rs. 362.00 respectively. The current market cap of the company is Rs. 6962.71 crore.

The promoters holding in the company stood at 66.85%, while Institutions and Non-Institutions held 22.95% and 10.20% respectively.

Jyothy Laboratories’ board has approved raising of funds to the tune of Rs 500 crore through issuance of Debentures on private placement basis subject to approval of the shareholders of the company. The board of directors of the company at its meeting held on May 16, 2018 has approved for the same.

Jyothy Laboratories manufactures and distributes household products. The Company is engaged in manufacturing and marketing of fabric whiteners, soaps, detergents, mosquito coils and incense sticks.