Delhi-based real estate developer Anant Raj Limited has issued 1.68 crore equity shares of face value Rs 296 per share aggregating to approximately Rs 500 crore to qualified institutional buyers, the company said in a regulatory filing.
Tata Indian Opportunities Fund, Tata Mutual Fund – Tata ELSS Tax Saver Fund, BOFA Securities Europe SA-ODI and Aditya Birla Sun Life Insurance Company Limited have collectively been allotted 50 percent of the issue size, the realty firm said.
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Pursuant to the allotment of the equity shares in the issue, the paid-up equity shares of the company stands increased from approximately Rs 65 crore to approximately Rs 68 crore, Anant Raj informed in the BSE filing.
The move comes after Finance and Investment Committee meeting of Anant Raj Limited on January 18.
Anant Raj had reported a 79 percent increase in consolidated net profit to Rs 60.37 crore for the second quarter of this fiscal on higher income. The company had posted a net profit of Rs 33.74 crore in the year-ago period.
Its total income had risen to Rs 340.83 crore in the July-September period of 2023-24 from Rs 265.87 crore in the corresponding period of the previous year, the company had said in October 2023. Total expenses had grown to Rs 264.68 crore from Rs 223.84 crore.
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