Indiabulls Real Estate surges on planning to raise Rs 100 crore
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Indiabulls Real Estate is currently trading at Rs. 176.05, up by 3.90 points or 2.27% from its previous closing of Rs. 174.00 on the BSE.
The scrip opened at Rs. 173.50 and has touched a high and low of Rs. 177.70 and Rs. 172.25 respectively. So far 269915 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 195.90 on 09-Nov-2021 and a 52 week low of Rs. 62.30 on 21-Dec-2020.
Last one week high and low of the scrip stood at Rs. 177.70 and Rs. 162.00 respectively. The current market cap of the company is Rs. 7950.10 crore.
The promoters holding in the company stood at 6.15%, while Institutions and Non-Institutions held 23.09% and 70.76% respectively.
Indiabulls Real Estate is planning to issue Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating upto Rs 100 crore, on a private placement basis, pursuant to a special resolution passed by the shareholders of the company at its 15th Annual General Meeting held on September 30, 2021.
Indiabulls Real Estate is India's third largest real estate company, with its focus on construction and development of residential, commercial and SEZ projects across major Indian metros.
