Anant Raj soars on receiving approval to sell 100% equity stake in Greatway Estates

29 Sep 2014

Anant Raj is currently trading at Rs. 58.00, up by 2.75 points or 4.98% from its previous closing of Rs. 55.25 on the BSE.

The scrip opened at Rs. 59.30 and has touched a high and low of Rs. 60.00 and Rs. 57.40 respectively. So far 1,30,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 84.80 on 11-Jun-2014 and a 52 week low of Rs. 40.45 on 01-Oct-2013.

Last one week high and low of the scrip stood at Rs. 62.20 and Rs. 52.20 respectively. The current market cap of the company is Rs. 1,711.00 crore.

The promoters holding in the company stood at 63.44% while Institutions and Non-Institutions held 17.46% and 18.92% respectively.

Anant Raj has received its board’s approval for sale of 100% equity stake in its wholly owned subsidiary Greatway Estates for a consideration of Rs 304.12 crore. The consideration received shall be utilised partly for repayment of debt and partly for development of the projects of the company.

Anant Raj is armed with one of the largest land banks in the region and is in the process of building an array of Special Economic Zones (SEZs), IT Parks, Hotels, Commercial Complexes, Malls, Residential / Service Apartment and other infrastructure projects.

Related Anant Raj Ltd. Links:

Anant Raj Share Price

33.00 0.00 (0.00%) Nov 13, 18:51
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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