Nitesh Estates Ltd to raise Rs. 300 crores

At the meeting held on September 28, 2016 the Board of Nitesh Estates Ltd deliberated on the long term fund requirements of the Company and has approved to explore various avenues for raising fresh capital upto Rs.300 Cr by way of further issue of capital and other means.

The further developments on this and the final decision taken on the same will be announced as required under the regulations.

Shares of Nitesh Estates Ltd was last trading in BSE at Rs.13.37 as compared to the previous close of Rs. 13.45. The total number of shares traded during the day was 39873 in over 98 trades.

The stock hit an intraday high of Rs. 13.74 and intraday low of 13.3. The net turnover during the day was Rs. 540139.

Source : Equity Bulls

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