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Ganesh Housing Corporation gains on plan to raise up to Rs 100 crore

04 Feb 2015

Ganesh Housing Corporation is currently trading at Rs. 143.00, up by 0.20 points or 0.14% from its previous closing of Rs. 142.80 on the BSE.

The scrip opened at Rs. 143.65 and has touched a high and low of Rs. 143.70 and Rs. 141.60 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 218.05 on 07-Jul-2014 and a 52 week low of Rs. 58.00 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 153.25 and Rs. 140.55 respectively. The current market cap of the company is Rs. 463.89 crore.

The promoters holding in the company stood at 56.25 % while Institutions and Non-Institutions held 17.87 % and 25.89 % respectively.

Ganesh Housing Corporation has received an approval to issue Non-Convertible Debentures (NCDs) aggregating up to Rs 100 crore on private placement basis in one or more tranches or issuances. The board of directors at their meeting held on February 03, 2015 has approved for the same.

The above is however subject to approval of members at proposed Extra-ordinary General Meeting to be held on February 28, 2015 and other statutory authorities.

Ganesh Housing Corporation is engaged in the business of construction and real estate development in Ahmedabad.

Related Ganesh Housing Corporation Ltd. Links:

Ganesh Housing Corp Share Price

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SEBI Registered: Investment Adviser - INA000013323