Rss Feed Anant Raj gains on getting nod to raise Rs 500 crore via QIP
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Anant Raj is currently trading at Rs. 249.85, up by 1.10 points or 0.44% from its previous closing of Rs. 248.75 on the BSE.
The scrip opened at Rs. 250.65 and has touched a high and low of Rs. 251.60 and Rs. 247.70 respectively. So far 52530 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 252.95 on 08-Nov-2023 and a 52 week low of Rs. 88.05 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 252.95 and Rs. 241.20 respectively. The current market cap of the company is Rs. 8133.20 crore.
The promoters holding in the company stood at 63.31%, while Institutions and Non-Institutions held 11.17% and 25.53% respectively.
Anant Raj has received approval for the issuance of equity shares or other convertible securities by way of Qualified Institutions Placement (QIP), for an aggregate consideration not exceeding Rs 500 crore only in accordance with the applicable laws including the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013, each as amended, subject to receipt of all necessary approvals, if and to the extent required. The Board of Directors of the company at their meeting held on November 11, 2023 have inter-alia considered and approved the same.
Anant Raj has become synonymous with the highest quality, excellence and innovation in the field of construction and real estate development. As one of India's leading infrastructure development enterprise armed with an extensive land bank, the group is in the process of revolutionizing corporate spaces with the development of Special Economic Zones and IT Parks.
