Marathon Nextgen Realty moves up on raising Rs 385 crore through NCDs

Marathon Nextgen Realty is currently trading at Rs. 125.10, up by 2.75 points or 2.25% from its previous closing of Rs. 122.35 on the BSE.

The scrip opened at Rs. 128.45 and has touched a high and low of Rs. 128.45 and Rs. 120.05 respectively. So far 191380 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 128.45 on 24-Dec-2021 and a 52 week low of Rs. 42.25 on 15-Apr-2021.

Last one week high and low of the scrip stood at Rs. 128.45 and Rs. 101.00 respectively. The current market cap of the company is Rs. 565.80 crore.

The promoters holding in the company stood at 74.97%, while Institutions and Non-Institutions held 0.01% and 25.02% respectively.

Marathon Nextgen Realty has raised Rs 385 crore through Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) and allotted 3850 NCDs having face value of Rs 10 lakh each divided in Series I Debentures (2750 Nos.) and Series II Debentures (1100 Nos.) on private placement basis. The said NCDs will be listed on Wholesale Debt Market Segment of BSE. The Committee of Directors of the Company at its meeting held on December 24, 2021 has allotted the same.

Marathon Nextgen Realty is a real estate development company. The Company develops commercial and residential projects throughout India.

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