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24-Apr2018

Prestige Estates Projects gains on redeeming NCDs worth Rs 50 crore

Prestige Estates Projects is currently trading at Rs. 307.95, up by 1.70 points or 0.56% from its previous closing of Rs. 306.25 on the BSE.

The scrip opened at Rs. 309.00 and has touched a high and low of Rs. 310.00 and Rs. 303.10 respectively. So far 770 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 356.10 on 16-Jan-2018 and a 52 week low of Rs. 222.00 on 30-May-2017.

Last one week high and low of the scrip stood at Rs. 310.00 and Rs. 297.50 respectively. The current market cap of the company is Rs. 11548.13 crore.

The promoters holding in the company stood at 70.00%, while Institutions and Non-Institutions held 28.84% and 1.16% respectively.

Prestige Estates Projects has redeemed Non-Convertible Debentures (NCDs) of 2015 Series worth Rs 50 crore out of the total principle amount of Rs 500 crore. The NCDs has a maturity date on April 23, 2018.

Post redemption of Rs 50 cores, the outstanding principle amount stands at Rs 450 crore.

Prestige Estates Projects is engaged in the business of real estate development. The company's principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.


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