Star Housing Finance Ltd board approves preferential issue at Rs. 89 per share

The Board of directors of Star Housing Finance Ltd has approved issuance of 10,61,340 (Ten Lakh Sixty One Thousand Three Hundred and Forty) Equity shares of face value INR 10/- each ("Equity Shares") at a price of INR 89/- (including a premium of INR. 79/- per equity shares) for a total consideration of Rs.9,44,59,260 (Rupees Nine Crore Forty Four Lakh Fifty Nine Thousand Two Hundred and Sixty) by way of preferential issue through Private Placement basis in accordance with the provisions of SEBI (Issue of capital and Disclosure Requirements) Regulation 2018.

Shares of STAR HOUSING FINANCE LIMITED was last trading in BSE at Rs. 103.65 as compared to the previous close of Rs. 108.15. The total number of shares traded during the day was 11930 in over 207 trades.

The stock hit an intraday high of Rs. 110.7 and intraday low of 99.2. The net turnover during the day was Rs. 1236448.

Source : Equity Bulls

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