Star Housing Finance rises on getting nod to raise Rs 21.60 crore
Star Housing Finance is currently trading at Rs. 133.85, up by 3.65 points or 2.80% from its previous closing of Rs. 130.20 on the BSE.
The scrip opened at Rs. 144.95 and has touched a high and low of Rs. 144.95 and Rs. 130.35 respectively. So far 6081 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 144.95 on 20-Jun-2022 and a 52 week low of Rs. 71.20 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 144.95 and Rs. 123.20 respectively. The current market cap of the company is Rs. 215.90 crore.
The promoters holding in the company stood at 37.38%, while Non-Institutions held 62.62% stake in the company.
Star Housing Finance has received an approval for issuance upto 16,00,000 Equity shares of face value Rs 10 each at a price of Rs 135 for a total consideration of Rs 21.60 crore by way of preferential issue through Private Placement basis to Arika Securities and Colo Securities. The Board of Directors of the Company at its meeting held on June 17, 2022 has approved the same.
Star Housing Finance (formally known as Akme Star Housing Finance) is primarily engaged in the business of providing loans to individuals, corporate and developers for the pur)chase, construction, development and repair of houses, apartments and commercial properties in India.
