Suraj Estate Developers gains on raising Rs 70 crore through NCDs
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Suraj Estate Developers is currently trading at Rs. 338.30, up by 1.65 points or 0.49% from its previous closing of Rs. 336.65 on the BSE.
The scrip opened at Rs. 335.00 and has touched a high and low of Rs. 340.55 and Rs. 335.00 respectively. So far 3795 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 365.00 on 21-Feb-2024 and a 52 week low of Rs. 317.65 on 13-Feb-2024.
Last one week high and low of the scrip stood at Rs. 356.80 and Rs. 334.55 respectively. The current market cap of the company is Rs. 1501.40 crore.
The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 11.14% and 13.90% respectively.
Suraj Estate Developers has raised Rs 70 crore through the allotment of 7,00,00,000 Unlisted, Secured, Non-Convertible Debentures (NCDs) of face value of Rs 10 to ICICI Ventures Funds Management Company on private placement basis. The Borrowing Committee of the Board of Directors of the Company at its meeting held on February 29, 2024, inter alia, considered and approved the same.
Suraj Estate Developers builds and develops real estate, with a focus on best-in-class collaborations and client assurance.
