"The fund raising committee...has approved the issuance and allotment of 3,00,00,000 equity shares to qualified institutional buyers in present tranche at the issue price of Rs 27.30 per equity share (including a premium of Rs 26.30 per equity share), aggregating to Rs 81,90,00,000," it said.
Salasar Techno Engineering plans to raise Rs 200 crore through various modes
"The board...has approved raising of funds by issuance and allotment of equity shares for up to an aggregate amount of Rs 200 crore by way of preferential allotment and/or through QIP, FCCB, ADRs, GDRs issues, or to the existing shareholders on right basis, or in any combination thereof," the company said.
"FY22 remained a challenging year in view of the abnormal and unprecedented volatility in the commodity prices both for steel and zinc. Despite headwinds, we were able to achieve a total sale of Rs 718 crore against Rs 597 crore in FY21. In FY22, EBIDTA increased from Rs 57 crore to Rs 69 crore," Managing Director Shashank Agarwal said.
#SALASAR : Salasar Techno Consolidated June 2021 Net Sales at Rs 132.79 crore, up 110.2% Y-o-Y. Salasar is still my top choice for long term investment. keep accumulating this stock and hold for 1-2 year from here
#SALASAR was trading at 38-40 level in April 2020. now in August 2021 its trading at 360. it has grown 9-10 times in last one year. I see much more coming in this counter. Its a good investment for long term