Monday, 29 September 2014

Small Comment on Nifty and Equity Market

Shares of Anant Raj jumped 8.5 percent intraday on Monday after it announced sale of its wholly-owned subsidiary Greatway Estates for Rs 304.12 crore. The real estate company aid the fund would be utilised to part repayment of debt and project development. In a filing to the BSE, Anant Raj informed that the board at its meeting "approved the sale of 100 percent equity stake in its wholly owned subsidiary Greatway Estates for a consideration of Rs 304.12 crore.

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