Anant Raj Q2 profit up 76 percent to Rs 105.58 crore; plans to raise up to Rs 2,000 crore via QIP
Realty firm Anant Raj Ltd's consolidated net profit rose 76 per cent to Rs 105.58 crore in the second quarter of this fiscal and it plans to raise up to Rs 2,000 crore through the issue of securities to institutional investors.
)
Realty firm Anant Raj Ltd's consolidated net profit rose 76 per cent to Rs 105.58 crore in the second quarter of this fiscal and it plans to raise up to Rs 2,000 crore through the issue of securities to institutional investors.
Its net profit stood at Rs 60.10 crore in the year-ago period. Total income rose to Rs 523.75 crore in the July-September period of this fiscal from Rs 340.83 crore in the corresponding period of the preceding year, according to a regulatory filing on Monday.
The company's board approved the issuance of equity shares or other convertible securities by way of Qualified Institutions Placement (QIP) for an aggregate consideration not exceeding Rs 2,000 crore only.
The board also approved the issue and allotment of fully convertible warrants, each carrying a right exercisable by the warrant holder to subscribe to one equity share of face value of Rs 2 each to the persons belonging to the promoter and promoter group on a preferential basis, aggregating up to Rs 100 crore, the Delhi-NCR based builder said in the filing.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

LIC Saral Pension Plan: How to get Rs 64,000 annual pension on Rs 10 lakh one-time investment in this annuity scheme that everyone is talking about

Gratuity Calculation: What will be your gratuity on Rs 45,000 last-drawn basic salary for 6 years & 9 months of service?

Rs 1,500 Monthly SIP for 20 Years vs Rs 15,000 Monthly SIP for 5 Years: Know which one can give you higher returns in long term

LIC Saral Pension Plan: How much should you invest one time to get Rs 64,000 annual pension for life?

Income Tax Calculations: What will be your tax liability if your salary is Rs 8.25 lakh, Rs 14.50 lakh, Rs 20.75 lakh, or Rs 26.10 lakh? See calculations

8th Pay Commission Pension Calculations: Can basic pension be more than Rs 2.75 lakh in new Pay Commission? See how it may be possible

SBI Revamped Gold Deposit Scheme: Do you keep your gold in bank locker? You can also earn interest on it through this SBI scheme

Monthly Pension Calculations: Is your basic pension Rs 26,000, Rs 38,000, or Rs 47,000? Know what can be your total pension as per latest DR rates
06:53 PM IST