Peninsula Land rises on buzz of plan to raise Rs 525 crore by selling NCDs

25 Mar 2014 Evaluate

Peninsula Land is currently trading at Rs. 30.95, up by 0.15 points or 0.49 % from its previous closing of Rs. 30.80 on the BSE.

The scrip opened at Rs. 31.00 and has touched a high and low of Rs. 31.05 and Rs. 30.25 respectively. So far 21839 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 57.30 on 16-May-2013 and a 52 week low of Rs. 25.80 on 30-Sep-2013.

Last one week high and low of the scrip stood at Rs. 32.40 and Rs. 29.95 respectively. The current market cap of the company is Rs. 864.13 crore.

The promoters holding in the company stood at 55.72 % while Institutions and Non-Institutions held 22.41 % and 21.86 % respectively.

Peninsula Land is reportedly planning to raise Rs 525 crore by selling non-convertible debentures (NCDs) to complete acquisition of a defunct mill land in Mumbai’s Byculla area.

The company won an auction last year to buy the five-acre land from Mahindra Lifespace Developers and the Kanoria family.

Further, the company plans to induct an investor in the project. The investor is expected to own around 45% in the project.

Peninsula Land is known for its concept-based architectures in the commercial, retail and residential sectors. The company is also known for its professional corporate management, international landmarks and value additions.


Peninsula Land Share Price

14.39 -0.06 (-0.42%)
08-Dec-2022 18:01 View Price Chart
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