Puravankara trades higher on the BSE

Puravankara Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 532891 | NSE: PURVA

31 Dec 2019 Evaluate

Puravankara is currently trading at Rs. 56.75, up by 0.65 points or 1.16% from its previous closing of Rs. 56.10 on the BSE.

The scrip opened at Rs. 57.00 and has touched a high and low of Rs. 57.30 and Rs. 55.90 respectively. So far 5201 shares were traded on the counter.

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. 57.85 and Rs. 54.95 respectively. The current market cap of the company is Rs. 1351.75 crore.

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

Puravankara has allotted at par 400 Series B Secured, Unlisted, Unrated, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 10,00,000 each, fully paid-up aggregating to Rs 40 crore. Earlier, the Board of Directors at their meeting held on November 15, 2019, approved the issue of Non- Convertible Debentures on Private Placement Basis.

This is further to the allotment at par of 500 Series A Secured, Unlisted, Unrated, Redeemable, Non-Convertible Debentures of face value of Rs 10,00,000 each, fully paid-up aggregating to Rs 50 crore on November 28, 2019.

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