Wednesday, 13 July 2016

Indiabulls Real Estate raises Rs 25 cr via NCDs; plunges 8%

Indiabulls Real Estate Ltd has announced that the Operations Committee of the Board of Directors of the Company has allotted Secured, Redeemable, Non-Convertible Debentures.

Indiabulls Real Estate Ltd has announced that the Operations Committee of the Board of Directors of the Company has allotted Secured, Redeemable, Non-Convertible Debentures (NCDs) on a Private Placement basis aggregating Rs. 25 crore.

Indiabulls Real Estate Ltd stock is currently trading at Rs. 88, down by 8%.

The scrip opened at Rs. 96 and has touched a high and low of Rs. 96.25 and Rs. 86.65 respectively. So far 17321932(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4839.06 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 105.25 on 30-May-2016 and a 52 week low of Rs. 42.25 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 96.25 and Rs. 90 respectively.

The promoters holding in the company stood at 47.63 % while Institutions and Non-Institutions held 19.07 % and 33.22 % respectively.

The stock is currently trading below its 50 DMA.

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