Nitesh Estates Ltd had earlier announced its intent to reduce the overall debt by an extent of Rs. 700 Crores in next 180 days.
The Company has as such successfully managed to reduce its debt by Rs. 407.88 Crores from the overall consolidated debt which was appearing in the consolidated financials of the Company and this reduction has constituted an approx. 30% reduction of the current overall debt of the company.
Shares of Nitesh Estates Ltd was last trading in BSE at Rs.5.82 as compared to the previous close of Rs. 5.9. The total number of shares traded during the day was 2050 in over 6 trades.
The stock hit an intraday high of Rs. 5.85 and intraday low of 5.7. The net turnover during the day was Rs. 11726.