MoneyWorks4Me

PVP Ventures spurts on getting nod to raise Rs 50 crore through private placement

14 Nov 2013 Evaluate

PVP Ventures is currently trading at Rs. 6.50, up by 0.15 points or 2.36% from its previous closing of Rs. 6.35 on the BSE.

The scrip opened at Rs. 6.50 and has touched a high and low of Rs. 6.50 and Rs. 6.50 respectively. So far 1600 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 8.90 on 14-Dec-2012 and a 52 week low of Rs. 3.36 on 01-Aug-2013.

Last one week high and low of the scrip stood at Rs. 7.04 and Rs. 5.80 respectively. The current market cap of the company is Rs. 155.61 crore.

The promoters holding in the company stood at 57.53% while Institutions and Non-Institutions held 1.25% and 41.18% respectively.

PVP Ventures has received an approval to issue up to 500 Rated, Redeemable, Secured, Listed Non-Convertible Debentures of Face Value of Rs 1 lakh each for cash at par, aggregating to Rs 50 crore on private placement basis in one or more series to the eligible investors. The board of directors at its meeting held on November 13, 2013 has approved for the same.

PVP Ventures is currently engaged in different business activities. Initially the major areas of operations of PVP Ventures included purchasing, acquiring and leasing of land, buildings, structures and properties to develop the same into townships, markets, residential, industrial or commercial complexes

Peers
Company Name CMP
Lodha Developers 1137.55
Prestige EstatesProj 1444.75
Dilip Buildcon 403.85
DLF 666.70
Oberoi Realty 1832.95
View more..