From Rs 3.30 to Rs 64.93 per share in just 1 year: Company gets credit
Thu, Apr 25, 2024 12:54 PM

From Rs 3.30 to Rs 64.93 per share in just 1 year: Company gets credit

A Flip by Riya Sharma
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The promoters of the company own a 40.32 per cent stake, DIIs own 2.53 per cent and the public owns a 57.15 per cent stake as of March 2024. Rathi Steel and Power Limited secured a credit facility of Rs. 43.5 crore (Rs. 35 crore working capital overdraft and Rs. 8.5 crore term loan) from Kotak Mahindra Bank. This agreement allows Rathi Steel and Power Limited to access funds for day-to-day.

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