Stock Report

Star Housing Finance approves private placement of shares at Rs. 135 per share



Posted On : 2022-06-17 22:30:15( TIMEZONE : IST )

Star Housing Finance approves private placement of shares at Rs. 135 per share

The board of directors of Star Housing Finance Ltd has approved issuance upto 16,00,000 (Sixteen Lakhs) Equity shares of face value INR 10/- each ("Equity Shares") at a price of INR 135/- (including a premium of INR. 125 /- per equity shares) for a total consideration of Rs. 21,60,00,000 (Rupees Twenty one crores sixty lakhs only) by way of preferential issue through Private Placement basis to M/s. Arika Securities Private Limited and M/s. Colo Securities Private Limited.

Shares of Star Housing Finance Ltd was last trading in BSE at Rs. 130.20 as compared to the previous close of Rs. 131.30. The total number of shares traded during the day was 23951 in over 132 trades.

The stock hit an intraday high of Rs. 132.50 and intraday low of 127.30. The net turnover during the day was Rs. 3116376.00.

Source : Equity Bulls

Keywords

StarHousingFinance INE526R01010 FundRaising PrivatePlacement PreferentialIssue