tiprankstipranks

Centum Electronics Concludes Equity Share Placement

Story Highlights
Centum Electronics Concludes Equity Share Placement

Confident Investing Starts Here:

An update from Centum Electronics Limited ( (IN:CENTUM) ) is now available.

Centum Electronics Limited has successfully closed its qualified institutions placement of equity shares, raising funds from eligible institutional buyers. The issue was priced at ₹1,160 per share, reflecting a discount to the floor price, and marks a strategic move to enhance the company’s financial position and support its growth initiatives.

More about Centum Electronics Limited

Centum Electronics Limited operates in the electronics industry, focusing on the design and manufacturing of advanced electronics systems and products. The company is based in Bangalore, India, and serves a variety of markets including aerospace, defense, and industrial electronics.

YTD Price Performance: -40.74%

Average Trading Volume: 2,799

Current Market Cap: 16.25B INR

See more insights into CENTUM stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1