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D B Realty hits upper circuit on planning to raise funds
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DB Realty is currently trading at upper limit of Rs. 244.75, up by 22.25 points or 10.00% from its previous closing of Rs. 222.50 on the BSE.
The scrip opened at Rs. 244.75 and has touched a high and low of Rs. 244.75 and Rs. 231.15 respectively. So far 2099691 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 244.75 on 15-Jan-2023 and a 52 week low of Rs. 55.05 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 244.75 and Rs. 194.50 respectively. The current market cap of the company is Rs. 12275.94 crore.
The promoters holding in the company stood at 53.82%, while Institutions and Non-Institutions held 2.21% and 43.96% respectively.
D B Realty is planning to raise funds through any or all of various methods including by way of preferential issue, qualified institutions placement, subject to such regulatory/statutory approvals as may be required, including approval of the shareholders of the Company. A Meeting of the Board of Directors of the company will be held on January 17, 2024 to consider, inter alia, proposal for the same.
D B Realty is primarily in the business of real estate construction, development and other related activities. The company is focused on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment.
