DS Kulkarni Developers Ltd to raise Rs. 250 crores through Debentures

The Board of Directors of DS Kulkarni Developers Ltd at its meeting held on April 08, 2014, approved to offer, issue and allot non-convertible debt instruments in the form of secured, redeemable, non-convertible debentures to the public ("Debentures"), upto a maximum sum of Rs. 250 Crores (Rupees Two Hundred and Fifty Crores only) (including any right to retain oversubscription for issuance of additional Debentures) after complying with the relevant requirements and procedures.

Shares of D.S.KULKARNI DEVELOPERS LTD. was last trading in BSE at Rs.59.95 as compared to the previous close of Rs. 58.25. The total number of shares traded during the day was 8656 in over 220 trades.

The stock hit an intraday high of Rs. 61 and intraday low of 56.1. The net turnover during the day was Rs. 517356.

Source : Equity Bulls

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