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Sagar Cements surges on fixing price for preferential issue

The stock surged 17% to Rs 727 on BSE in intra-day trade after the board fixed an issue price of Rs 800 per share for of 611,986 equity shares on preferential basis.

SI Reporter  |  Mumbai 

Sagar Cements has surged 17% to Rs 727 on BSE in intra-day trade after the board fixed an issue price of Rs 800 per share for of 611,986 equity shares on preferential basis. In October, the board of directors of the company approved the fund-raising plan, which was primarily meant for expanding the capacity of the company's grinding unit at Bayyavaram in Andhra Pradesh to 1.5 million tonnes from the present Rs 3 lakh tonne level at a cost of around Rs 167 crore. Besides this, about Rs 76 crore would be spent on setting up a 15 Mw coal-fired captive power plant at its main ...

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Sagar Cements surges on fixing price for preferential issue

The stock surged 17% to Rs 727 on BSE in intra-day trade after the board fixed an issue price of Rs 800 per share for of 611,986 equity shares on preferential basis.

The stock surged 17% to Rs 727 on BSE in intra-day trade after the board fixed an issue price of Rs 800 per share for of 611,986 equity shares on preferential basis. Sagar Cements has surged 17% to Rs 727 on BSE in intra-day trade after the board fixed an issue price of Rs 800 per share for of 611,986 equity shares on preferential basis. In October, the board of directors of the company approved the fund-raising plan, which was primarily meant for expanding the capacity of the company's grinding unit at Bayyavaram in Andhra Pradesh to 1.5 million tonnes from the present Rs 3 lakh tonne level at a cost of around Rs 167 crore. Besides this, about Rs 76 crore would be spent on setting up a 15 Mw coal-fired captive power plant at its main ... image
Business Standard
177 22

Sagar Cements surges on fixing price for preferential issue

The stock surged 17% to Rs 727 on BSE in intra-day trade after the board fixed an issue price of Rs 800 per share for of 611,986 equity shares on preferential basis.

Sagar Cements has surged 17% to Rs 727 on BSE in intra-day trade after the board fixed an issue price of Rs 800 per share for of 611,986 equity shares on preferential basis. In October, the board of directors of the company approved the fund-raising plan, which was primarily meant for expanding the capacity of the company's grinding unit at Bayyavaram in Andhra Pradesh to 1.5 million tonnes from the present Rs 3 lakh tonne level at a cost of around Rs 167 crore. Besides this, about Rs 76 crore would be spent on setting up a 15 Mw coal-fired captive power plant at its main ...

image
Business Standard
177 22