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Vipul moves higher on getting aaproval to raise Rs 150 crore through NCDs

10 Aug 2017

Vipul is currently trading at Rs. 86.00, up by 1.10 points or 1.30% from its previous closing of Rs. 84.90 on the BSE.

The scrip opened at Rs. 84.80 and has touched a high and low of Rs. 86.00 and Rs. 83.65 respectively. So far 26837 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 100.05 on 27-Sep-2016 and a 52 week low of Rs. 54.20 on 29-Dec-2016.

Last one week high and low of the scrip stood at Rs. 91.50 and Rs. 83.00 respectively. The current market cap of the company is Rs. 1026.47 crore.

The promoters holding in the company stood at 63.38%, while Non-Institutions held 36.62% stake in the company.

Vipul has received an approval for raising funds amounting Rs 150 crore through issuance of debt securities in the nature of Zero Coupon, Secured, Unlisted, Unrated, Redeemable, Non-Convertible Debentures (NCDs). The Debenture Committee of the board of the directors of the company at its meeting held on August 09, 2017 has approved for the same.

The bonds will have tenure of 54 months from the date of subscription. The deemed date of allotment will be August 18, 2017, while the date of maturity will be February 18, 2022.

Vipul is a leading Real Estate Developer in NCR besides developing properties in Ludhiana, Bawal, Bhubaneshwar, Faridabad and Gurgaon.

Related Vipul Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323