Star Housing Finance gains on getting nod to raise upto Rs 20 crore through NCDs
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Star Housing Finance is currently trading at Rs. 59.50, up by 0.21 points or 0.35% from its previous closing of Rs. 59.29 on the BSE.
The scrip opened at Rs. 59.75 and has touched a high and low of Rs. 59.79 and Rs. 58.91 respectively. So far 24570 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 67.95 on 13-Jul-2023 and a 52 week low of Rs. 40.00 on 16-Jun-2023.
Last one week high and low of the scrip stood at Rs. 60.90 and Rs. 58.00 respectively. The current market cap of the company is Rs. 459.45 crore.
The promoters holding in the company stood at 22.22%, while Institutions and Non-Institutions held 1.04% and 76.74% respectively.
Star Housing Finance has received approval for Issuance of up to 2,000 Secured, Rated, Listed, Senior, Redeemable, Transferable Non-Convertible Redeemable Debentures (NCD’s) to Northern Arc Capital on a private placement basis, having face value of Rs 1 lakh each aggregating up to Rs 20 crore. The Board of Directors of the Company in its meeting held on September 25, 2023, has approved the same.
Star Housing Finance (formally known as Akme Star Housing Finance) is primarily engaged in the business of providing loans to individuals, corporate and developers for the purchase, construction, development and repair of houses, apartments and commercial properties in India.
