Vipul Ltd to raise Rs. 150 crores from Edelweiss Commodities Services Ltd

Vipul Ltd has entered into an agreement with Edelweiss Commodities Services Ltd. for raising Rs. 150 Cr. through issuance of Zero Coupon, Secured, Redeemable, Unlisted, Non-Convertible Debentures (NCD).

The NCD issued will be for a tenure of 54 months and the proceeds will be utilized for the company's flagship Project 'Aarohan Residences', a premium residential project on the Golf Course Road in Gurugram.

Shares of VIPUL LTD. was last trading in BSE at Rs.98.5 as compared to the previous close of Rs. 95.05. The total number of shares traded during the day was 537711 in over 1262 trades.

The stock hit an intraday high of Rs. 100.15 and intraday low of 95. The net turnover during the day was Rs. 52738270.

Source : Equity Bulls

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