Multibagger realty stock hits upper circuit for second day as Jhunjhunwala to invest
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DB Realty Ltd. Stocks reached the top circuit level by up about 5% to ₹ 122 each at BSE in a trading session on Thursday. The script was locked at the top circuit level for the second consecutive session after the company announced a fundraising plan D Realty Ltd. On Wednesday said that the council at his meeting was held today to have agreed to raise funds through the issuance of 50 million warrants that are equal to the number of equalized shares. Conversion Warrants will be an additional 7,70.00,000 Warrants as disclosed in the results of the council meeting held last week, DB Realty has announced in the exchange of exchanges.
The company will publish a warrant for non-promoter investors with a preferential basis that includes Ace Investor Ace Rakesh Rakesh Jhunjhunwala Rekha Jhunjhunwala, which will be issued 1.00.00,000 warrants through rare investments. Other non-promoter investors also include Lotus Family Trust represented by Waliya, Barclays Wealth Trustees (India) Private Limited, KIFS dealers, among others Each warrant can be converted into 1 equity stock and conversion can be done at any time for a period of 18 months from the date of rationing, in one stage or more.
DB Realty Share has been in a continuous increase trend since several recent trading sessions, regarding the level of the top circuit, after realty companies have announced plans to raise ₹ 563 crore by publishing a warrant to promoters and investors Multibagger shares have strengthened more than 95% in a month while it has surged more than 434% in the past six months. From trading more than ₹ 18 per share in February 2021, realty shares have skyrocketed more than 563% in a one-year period. The counter rose more than 148% in 2022 (as far as year or YTD) so far In accordance with the recent BSE ownership pattern, Rakesh Jhunjhunwala’s wife, Rekha Jhunjhunwala has 2.06% of the shares in DB Realty in December 2021.
DB Realty Ltd. Stocks reached the top circuit level by up about 5% to ₹ 122 each at BSE in a trading session on Thursday. The script was locked at the top circuit level for the second consecutive session after the company announced a fundraising plan D Realty Ltd. On Wednesday said that the council…