Macrotech Developers shines on raising Rs 245 crore through NCDs
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Macrotech Developers is currently trading at Rs. 798.65, up by 9.70 points or 1.23% from its previous closing of Rs. 788.95 on the BSE.
The scrip opened at Rs. 790.00 and has touched a high and low of Rs. 800.25 and Rs. 787.95 respectively. So far 5808 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 823.65 on 27-Sep-2023 and a 52 week low of Rs. 355.50 on 24-Feb-2023.
Last one week high and low of the scrip stood at Rs. 823.65 and Rs. 716.05 respectively. The current market cap of the company is Rs. 76628.84 crore.
The promoters holding in the company stood at 74.96%, while Institutions and Non-Institutions held 23.64% and 1.40% respectively.
Macrotech Developers has raised Rs 245 crore through allotment of 24,500 senior, rated, listed, secured, redeemable non-convertible debentures (NCDs) of Rs 1,00,000 each. The Executive Committee of the Board of Directors of the Company has on September 27, 2023, approved the same. ICRA has rated ‘A+/Positive’ to said NCDs. Date of Maturity will be on September 25, 2026.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
