Board approves NCD issuance up to Rs 500 Cr via private placement
AJMERA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 1.8 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Ajmera Realty board approved raising up to Rs 500 Crores through Non-Convertible Debentures, bonds or similar instruments on a private placement basis, in one or more tranches. The instruments can be secured or unsecured, listed or unlisted, and rated. Shareholder approval is needed next. This is a debt-raising move, likely to fund business growth or refinance existing borrowings.
Debt raise of Rs 500 Cr will increase company borrowings. Interest rate and use of proceeds yet to be disclosed. Watch shareholder vote outcome.