Indiabulls Real Estate moves up on raising Rs 75 crore through issues of NCDs

30 Jun 2016

Indiabulls Real Estate is currently trading at Rs. 91.20, up by 2.30 points or 2.59% from its previous closing of Rs. 88.90 on the BSE.

The scrip opened at Rs. 90.10 and has touched a high and low of Rs. 91.90 and Rs. 89.60 respectively. So far 10,94,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 105.25 on 30-May-2016 and a 52 week low of Rs. 42.25 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 91.90 and Rs. 77.00 respectively. The current market cap of the company is Rs. 4,616.57 crore.

The promoters holding in the company stood at 42.72%, while Institutions and Non-Institutions held 20.89% and 36.39% respectively.

Indiabulls Real Estate has raised Rs 75 crore through issue of Non-Convertible Debentures (NCDs) on private placement basis. The said NCDs will carry coupon rate of 10% per annum and will have tenor of 5 years and 10 months. The NCDs will be listed on Bombay Stock Exchange (BSE) and will mature on April 29, 2022.

Indiabulls Real Estate is engaged in real estate development, directly as well as through various subsidiaries and associate companies. The main focus of the company is construction and development of properties, project management, investment advisory and construction services.


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