Ajmera Realty & Infra India shares advanced over 8 percent on October 18 after the company raised Rs 225 crore on preferential allotment of shares to marquee investors.
The board of directors of the company in their meeting held today approved the allotment of 31.64 lakh shares with a face value of Rs 10 per equity share to allottees on preferential basis.
Shares were issued at an issue price of Rs 711 per equity share which is a discount of 11.66 percent to Thursday's closing price of the counter.
The company will "convene Extra-ordinary General Meeting on November 14, 2024, for seeking approval of the members of the company for the aforesaid resolution," it said in an exchange filing.
Investors like Mukul Agrawal, Prabhudas Lilladher Advisory, Vijay Khetan, GeeCee Ventures Limited, Mahalaxmi Brokerage (India) Pvt. Ltd., TrishakƟ Power Holdings Private Limited
among others were issued shares on preferential basis. Star investor Mukul Agrawal invested close to Rs 54 crore for share allotment.
The scrip witnessed sharp up move with the price touching an intraday high of Rs 873.85 per share on the NSE, rising 8.57 percent from its previous closing.
Over 7 lakh shares changed hands today of Ajmera Realty & Infra India Limited generating a total turnover of Rs 65.82 crore. The company has a total market valuation of Rs 3,065.32 crore.
It's shares have delivered multibagger returns of 109.76 percent in the last one year on the BSE. In 2024 so far, the shares advanced 95.69 percent, far outpacing the benchmark Sensex which rose 12.47 percent in the same period.
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