Arihant Superstructures soars on getting nod to raise Rs 500 core via securities
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Arihant Superstructures is currently trading at Rs. 169.00, up by 6.00 points or 3.68% from its previous closing of Rs. 163.00 on the BSE.
The scrip opened at Rs. 170.00 and has touched a high and low of Rs. 173.00 and Rs. 164.05 respectively. So far 18715 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 173.00 on 06-Oct-2021 and a 52 week low of Rs. 19.40 on 23-Oct-2020.
Last one week high and low of the scrip stood at Rs. 173.00 and Rs. 145.50 respectively. The current market cap of the company is Rs. 670.91 crore.
The promoters holding in the company stood at 74.31%, while Institutions and Non-Institutions held 1.68% and 24.00% respectively.
Arihant Superstructures’ board of directors has approved raising of up to Rs 500 crore by issuance of securities. The issue of securities could be through private placement, preferential issue, qualified institutions placement (QIP), follow-on public offering (FPO), or a combination thereof. The proposed fundraising is subject to shareholders' approval and other regulatory approvals.
Arihant Superstructures (ASL) is a leading real estate company. It also focuses on making quality lifestyles affordable for its discerning patrons, which epitomizes the core value of the group.
