India Shelter Finance Corporation shines on planning to raise funds via NCDs
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India Shelter Finance Corporation is currently trading at Rs. 586.40, up by 24.05 points or 4.28% from its previous closing of Rs. 562.35 on the BSE.
The scrip opened at Rs. 568.55 and has touched a high and low of Rs. 591.40 and Rs. 564.55 respectively. So far 8166 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 723.00 on 02-Feb-2024 and a 52 week low of Rs. 519.00 on 28-Dec-2023.
Last one week high and low of the scrip stood at Rs. 597.15 and Rs. 559.25 respectively. The current market cap of the company is Rs. 6299.96 crore.
The promoters holding in the company stood at 48.30%, while Institutions and Non-Institutions held 21.37% and 30.33% respectively.
India Shelter Finance Corporation is planning to raise funds by way of issuance of Non-Convertible Debentures (NCDs), in one or more tranches/issues/series as per the business requirement of the company. A meeting of the Board of Directors of the Company is scheduled to be held on May 08, 2024, inter-alia, to consider and approve the same.
India Shelter Finance Corporation is engaged in the business of housing finance. The company provides loans for house construction, extension, renovation, and purchase of new homes or plots. The company also offers loans against property (LAP).
