01-01-1970 12:00 AM | Source: Accord Fintech
Puravankara surges on planning to raise funds through NCDs

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Puravankara is currently trading at Rs. 100.25, up by 2.25 points or 2.30% from its previous closing of Rs. 98.00 on the BSE.

The scrip opened at Rs. 97.70 and has touched a high and low of Rs. 100.50 and Rs. 97.30 respectively. So far 18388 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 166.35 on 09-Nov-2021 and a 52 week low of Rs. 77.90 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 105.35 and Rs. 93.70 respectively. The current market cap of the company is Rs. 2341.85 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 18.25% and 6.75% respectively.

Puravankara is planning to raise funds through issuance of non-convertible debentures (NCDs) by way of private placement in one or more tranches. A meeting of the Board of Directors of the Company will be held on August 26, 2022 to consider and approve the same.

Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.