GR Infraprojects jumps on raising Rs 75 crore via NCDs

GR Infraprojects is currently trading at Rs. 1879.20, up by 10.00 points or 0.53% from its previous closing of Rs. 1869.20 on the BSE.

GR Infraprojects
GR Infraprojects

The scrip opened at Rs. 1900.00 and has touched a high and low of Rs. 1900.00 and Rs. 1867.15 respectively. So far 304 shares were traded on the counter.

GR Infraprojects The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 2277.00 on 25-Oct-2021 and a 52 week low of Rs. 1543.75 on 27-Aug-2021.

Last one week high and low of the scrip stood at Rs. 1970.00 and Rs. 1853.05 respectively. The current market cap of the company is Rs. 18169.80 crore.

The promoters holding in the company stood at 86.54%, while Institutions and Non-Institutions held 10.03% and 3.43% respectively.

GR Infraprojects has raised Rs 75 crore through the allotment of 750 Unsecured, Rated, Listed Non-Convertible Debentures (NCDs), of face value of Rs 10,00,000 each, at an issue Price of Rs 10,00,000 each on Private Placement basis. A Committee of the Board of Directors of the Company at its meeting held on January 20, 2022, has approved the allotment of the same.

GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.