Lancor Holdings jumps on raising Rs 52.06 crore through NCDs
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Lancor Holdings is currently trading at Rs. 45.00, up by 1.30 points or 2.97% from its previous closing of Rs. 43.70 on the BSE.
The scrip opened at Rs. 44.09 and has touched a high and low of Rs. 46.00 and Rs. 44.09 respectively. So far 12722 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 63.00 on 04-Mar-2024 and a 52 week low of Rs. 26.88 on 08-Jun-2023.
Last one week high and low of the scrip stood at Rs. 46.00 and Rs. 40.36 respectively. The current market cap of the company is Rs. 325.78 crore.
The promoters holding in the company stood at 62.08%, while Non-Institutions held 37.92% stake in the company.
Lancor Holdings has raised Rs 52.06 crore through the allotment of 5206 Non-Convertible Debenture (NCDs) with a Face value of Rs 1 lakh each on private placement basis at the interest rate of 16.5% for repaying within 12 Quarterly installments post the Principal moratorium period of 4 Quarters (12 months) from the date of allotment of the Debentures.
The paid up share capital of the Company Pre and post allotment of NCDs is Rs 14.59 crore consisting of 7,29,95,560 equity shares of Rs 2 each fully paid-up. The Banking Finance and Operations committee of the Company in its meeting held on June 6, 2024, has approved the same.
Lancor Holdings is an India-based company. The Company is engaged in the construction and sale of residential properties, construction and leasing of commercial properties.
