Prestige Estate Projects is currently trading at Rs. 216.75, up by 14.75 points or 7.30% from its previous closing of Rs. 202.00 on the BSE.
The scrip opened at Rs. 205.00 and has touched a high and low of Rs. 219.25 and Rs. 205.00 respectively. So far 9953 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 323.70 on 29-Jan-2015 and a 52 week low of Rs. 181.00 on 24-Aug-2015.
Last one week high and low of the scrip stood at Rs. 219.25 and Rs. 196.75 respectively. The current market cap of the company is Rs. 8023.13 crore.
The promoters holding in the company stood at 70.00% while Institutions and Non-Institutions held 27.20% and 2.80% respectively
Prestige Estates Projects is seeking the approval of its shareholders to raise up to Rs 1,000 crore through private placement of non-convertible debentures (NCDs). The NCDs may be issued in one or more tranches and the proceeds will be used to fund the company’s expansion plans. The proposal will be taken up at the real estate company’s annual general meeting on September 30.
Prestige Estates Projects is a property development and the flagship company of Prestige Group. Since its formation in 1986, the company has grown swiftly to become one of South India's leading Property Developers, helping shape the skyline across the Residential, Commercial, Retail, Leisure & Hospitality sectors.
