Nagreeka Capital Debuts At 20% Premium To Base Price

Mumbai: Equity shares of Nagreeka Capital & Infrastructure got listed at Rs 114 on the Bombay Stock Exchange (BSE) today.

The scrip opened up at a premium of 20 per cent, at Rs 114 at the stock exchange, as against its base price of Rs 95. It got locked in 20% upper circuit on listing.

Nagreeka Capital is the de-merged investment portfolio division of Kolkata-based textile manufacturer Nagreeka Exports with a total investment of about Rs 52 crore.

The shareowners of Nagreeka Exports got shares of Nagreeka Capital in the ratio of 1:1.

The total paid-up capital of the company stood at Rs 6.31 crore, which include 1.26 crore shares of Rs 5 each.

Promoters own up around 55% in Nagreeka Capital post de-merger.