Puravankara surges on getting nod to raise funds up to Rs 100 crore on private placement basis

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Puravankara is currently trading at Rs. 61.50, up by 1.35 points or 2.24% from its previous closing of Rs. 60.15 on the BSE.

The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 62.85 and Rs. 61.30 respectively. So far 4421 shares were traded on the counter.

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The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 87.00 on 28-May-2019 and a 52 week low of Rs. 50.80 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 64.65 and Rs. 60.00 respectively. The current market cap of the company is Rs. 1458.47 crore.

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The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 18.09% and 6.91% respectively.

Puravankara has received an approval for the issue of Un-Listed Secured Non-Convertible Debentures (NCDs) of up to Rs 100 crore on Private Placement Basis. The Board of Directors of the company at their meeting held on November 15, 2019, approved the same.

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Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.