Peninsula Land slips on missing debt repayment as tax dept delays rent

06 Jan 2020 Evaluate

Peninsula Land is currently trading at Rs. 3.95, down by 0.05 points or 1.25% from its previous closing of Rs. 4.00 on the BSE.

The scrip opened at Rs. 4.30 and has touched a high and low of Rs. 4.40 and Rs. 3.95 respectively. So far 22324 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 11.68 on 08-Jan-2019 and a 52 week low of Rs. 3.23 on 15-Oct-2019.

Last one week high and low of the scrip stood at Rs. 4.19 and Rs. 3.60 respectively. The current market cap of the company is Rs. 111.12 crore.

The promoters holding in the company stood at 55.37%, while Institutions and Non-Institutions held 4.35% and 40.29% respectively.

Peninsula Land, which delayed debt repayment of Rs 2.35 crore to SBI, has blamed the government for not paying rent on time for commercial property leased by tax departments that resulted in missing the due date.

As per the company, it could not make the repayment of Rs 2.35 crore to SBI as the government's tax departments failed to make timely payment of the rent towards the property leased out to them.

Peninsula Land is a holding company engaged in construction business. The company is engaged in the business of real estate development. Its segments include Realty, Renting and Others.

Peninsula Land Share Price

46.46 -0.62 (-1.32%)
28-Mar-2024 16:01 View Price Chart
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