Macrotech Developers zooms on raising Rs 4,000 crore through sale of shares to institutional investors

Macrotech Developers is currently trading at Rs. 1335.75, up by 52.30 points or 4.07% from its previous closing of Rs. 1283.45 on the BSE.

The scrip opened at Rs. 1286.00 and has touched a high and low of Rs. 1345.80 and Rs. 1286.00 respectively. So far 13813 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,345.80 on 16-Nov-2021 and a 52 week low of Rs. 421.15 on 19-Apr-2021.

Last one week high and low of the scrip stood at Rs. 1,345.80 and Rs. 1167.00 respectively. The current market cap of the company is Rs. 59717.00 crore.

The promoters holding in the company stood at 88.51%, while Institutions and Non-Institutions held 9.80% and 1.70% respectively.

Macrotech Developers has raised Rs 4,000 crore through sale of shares to institutional investors. The company launched the Qualified Institutional Placement (QIP) to raise funds.

Macrotech Developers is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020.