Vipul advances on entering into agreement with Edelweiss Commodities Services

24 Aug 2017

Vipul is currently trading at Rs. 97.50 up by 2.45 points or 2.58% from its previous closing of Rs. 95.05 on the BSE.

The scrip opened at Rs. 95.70 and has touched a high and low of Rs. 97.60 and Rs. 95.70 respectively. So far 32,000 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. 97.60 and Rs. 81.10 respectively. The current market cap of the company is Rs. 1,169.85 crore.

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

Vipul has entered into an agreement with Edelweiss Commodities Services for raising Rs 150 crore through issuance of secured, redeemable, unlisted, Non-Convertible Debentures (NCD). The NCD issued will be for a tenure of 54 months and the proceeds will be utilized for the company’s flagship project ‘Aarohan Residences’, a premium residential project on the Golf Course Road in Gurugram.

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


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