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Emami Infrastructure zooms on getting nod to raise up to Rs 500 crore on private placement basis

11 Jan 2018 Evaluate

Emami Infrastructure is currently trading at Rs. 380.75, up by 15.55 points or 4.26% from its previous closing of Rs. 365.20 on the BSE.

The scrip opened at Rs. 368.25 and has touched a high and low of Rs. 391.55 and Rs. 368.10 respectively. So far 57092 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 406.00 on 09-Jan-2018 and a 52 week low of Rs. 59.95 on 31-Jan-2017.

Last one week high and low of the scrip stood at Rs. 406.00 and Rs. 274.00 respectively. The current market cap of the company is Rs. 922.00 crore.

The promoters holding in the company stood at 58.06%, while Institutions and Non-Institutions held 0.20% and 41.73% respectively.

Emami Infrastructure has received an approval for issue of Redeemable, Non-Convertible Debentures (NCDs) up to Rs 500 crore on private placement basis. The board of directors at its meeting held on January 11, 2018 has approved for the same.

Further, the company has signed term sheet for issue of Rated, Unlisted, Redeemable, Non-Convertible Debentures of Rs 100 crore. The company is to negotiate the terms for issuance of balance Rs 400 crore and accordingly it will inform the relevant particulars at the relevant times.

Emami Infrastructure is a holding company engaged in construction and real estate development. The Company's primary business is development of residential, commercial and retail properties through its subsidiaries and associates.

Emami Realty Share Price

72.90 2.84 (4.05%)
15-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 861.00
Dilip Buildcon 453.10
DLF 587.70
Oberoi Realty 1706.10
Ahluwalia Contract(I 817.85
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