Sintex gains 3% on raising USD 170 mn via FCCBs, QIP

Plastic water tank maker Sintex Industries gained more than 3 percent on Tuesday as the company raised USD 170 million through a mix of foreign currency convertible bonds (FCCBs) and shares to qualified institutional investors.
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Jan 01, 2013, 01.20 PM | Source: Moneycontrol.com

Sintex gains 3% on raising USD 170 mn via FCCBs, QIP

Plastic water tank maker Sintex Industries gained more than 3 percent on Tuesday as the company raised USD 170 million through a mix of foreign currency convertible bonds (FCCBs) and shares to qualified institutional investors.

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Sintex gains 3% on raising USD 170 mn via FCCBs, QIP

Plastic water tank maker Sintex Industries gained more than 3 percent on Tuesday as the company raised USD 170 million through a mix of foreign currency convertible bonds (FCCBs) and shares to qualified institutional investors.

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Plastic water tank maker Sintex Industries gained more than 3 percent on Tuesday as the company raised USD 170 million through a mix of foreign currency convertible bonds (FCCBs) and shares to qualified institutional investors.

The Economic Times reported that Sintex raised USD 140 million from bond holders at a higher coupon rate of 5.37 percent and additional USD 30 million from QIPs as the company inches nearer to repay its bond holders USD 290 million by March 2013.

At 13:01 hours IST, the stock rose 2.76 percent to Rs 67.05 on the Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 2,008.21 crore.

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Sintex Ind stock price

On May 06, 2016, at 11:25 hrs Sintex Industries was quoting at Rs 79.45, up Rs 0.40, or 0.51 percent. The 52-week high of the share was Rs 121.70 and the 52-week low was Rs 63.50.


The company's trailing 12-month (TTM) EPS was at Rs 11.56 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 6.87. The latest book value of the company is Rs 94.85 per share. At current value, the price-to-book value of the company is 0.84.

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Sintex gains 3% on raising USD 170 mn via FCCBs, QIP

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