Arihant Superstructures gains on getting nod to raise up to Rs 300 crore

30 Jun 2017

Arihant Superstructures is currently trading at Rs. 186.00, up by 0.50 points or 0.27% from its previous closing of Rs. 185.50 on the BSE.

The scrip opened at Rs. 186.75 and has touched a high and low of Rs. 186.80 and Rs. 183.15 respectively. So far 97344 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 200.80 on 02-Jun-2017 and a 52 week low of Rs. 66.00 on 06-Sep-2016.

Last one week high and low of the scrip stood at Rs. 190.00 and Rs. 179.95 respectively. The current market cap of the company is Rs. 756.52 crore.

The promoters holding in the company stood at 74.14%, while institutions and non-institutions held 2.34% and 23.52% respectively.

Arihant Superstructures has received an approval for raising funds up to Rs 300 crore including premium if any through issue of securities by way of GDRs/ADRs/FCCBs/QIP. The board of directors at their meeting held on June 29, 2017, has approved for the same.

Arihant Superstructures is a real estate company with dominant presence in the affordable housing segment in the Mumbai MMR and the Jodhpur region.

Related Arihant Superstructures Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323