Indiabulls Real Estate share prices rises by 4% amidst plans of raising capital
Indiabulls Real Estate
Amidst reports that Indiabulls Real Estate in tandem with its group firm Indiabulls Housing Finance is planning to invest an amount of Rs.25,000 crore in Haryana in the ensuing period of 7 years, the share price ended 4% higher at Rs.53
Following a special resolution passed by the shareholders at its 9th Annual General Meeting held on September 28, 2015, the company intends to issue 3,000 Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each aggregating Rs. 300 crores, on a private placement basis as per terms and conditions.
Currently, the company has a market capitalization of Rs.2391.49 crore. Combining the shares of NSE and BSE, the number of shares traded on the counter amounted to 9984129. After opening at Rs.51.85, the company scrip touched a high and low of Rs. 54 and Rs. 51.25 respectively.
With a face value of Rs.2, the BSE group ‘A’ stock touched a 52 week high of Rs.78.35 on March 13, 2015 and a 52 week low of Rs. 41 on June 18, 2015. Over the period of last one week, the scrip touched a high and low of Rs. 53 and Rs. 45.05 respectively.
As on date, the promoters had a majority holding of 42.68 % in the company while Institutions and Non-Institutions held 21.31 % and 35.89 % respectively.
