Kolte Patil Developers surges on getting nod to raise Rs 113.65 crore via NCDs
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Kolte-Patil Developers is currently trading at Rs. 437.45, up by 0.90 points or 0.21% from its previous closing of Rs. 436.55 on the BSE.
The scrip opened at Rs. 436.60 and has touched a high and low of Rs. 437.45 and Rs. 418.15 respectively. So far 12025 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 520.00 on 16-Oct-2023 and a 52 week low of Rs. 231.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 501.75 and Rs. 418.15 respectively. The current market cap of the company is Rs. 3255.65 crore.
The promoters holding in the company stood at 74.45%, while Institutions and Non-Institutions held 6.60% and 18.96% respectively.
Kolte Patil Developers has received approval for the issuance of secured, rated, listed, redeemable Non-Convertible Debentures (NCDs) of face value Rs 1,00,000 each, on a private placement basis, aggregating upto Rs 113.65 crore. The Board of Directors of the company at their meeting held on Thursday, 26 October 2023, inter-alia approved the same.
Kolte Patil Developers is a leading real estate company.
