Indiabulls Real Estate is currently trading at Rs. 90.60, up by 3.90 points or 4.50% from its previous closing of Rs. 86.70 on the BSE.
The scrip opened at Rs. 87.80 and has touched a high and low of Rs. 90.85 and Rs. 86.30 respectively. So far 194924 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 223.90 on 26-Apr-2018 and a 52 week low of Rs. 63.05 on 06-Feb-2019.
Last one week high and low of the scrip stood at Rs. 96.75 and Rs. 85.95 respectively. The current market cap of the company is Rs. 3907.40 crore.
The promoters holding in the company stood at 38.90%, while Institutions and Non-Institutions held 25.98% and 35.13% respectively.
Indiabulls Real Estate has proposed to raise funds through issuance of Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating upto Rs 600 crore, on a private placement basis. The tenure of the instrument is upto 36 months. Credit rating agency, Brickwork Ratings has rated ‘AA-’ for the instrument.
Indiabulls Real Estate is India's third largest real estate company, with its focus on construction and development of residential, commercial and SEZ projects across major Indian metros.
