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Realty stock jumps after company reduces its debt by ₹100 Cr

Realty stock Ajmera Realty & Infra India Ltd (ARIIL) repaid ₹100 Cr of debt, reducing outstanding debt to ₹693 crores. The move supports financial growth and the company’s 5x growth target.
Ajmera Realty repays ₹100 Cr debt, reducing outstanding debt to ₹693 Cr, aligning with its 5x growth goal.
Ajmera Realty repays ₹100 Cr debt, reducing outstanding debt to ₹693 Cr, aligning with its 5x growth goal.

Introduction:

Realty stock Ajmera Realty & Infra India Ltd (ARIIL) has repaid INR 100 crores of corporate debt, reducing its outstanding debt to INR 693 crores. This strategic move aims to enhance financial returns and support the company’s 5x growth goal.

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Share Price movement of Ajmera Realty & Infra India Ltd:

On November 28, 2024, Ajmera Realty & Infra India Ltd (ARIIL) share price decreased by 0.98%, closing at ₹1,055.10. The stock opened at ₹1,058.00, reached an intraday high of ₹1,111.00, and a low of ₹1,036.00. Market cap stands at ₹3,818.89 crore.

Ajmera Realty & Infra India Ltd  share price rise:

Ajmera Realty & Infra India Ltd (ARIIL) has repaid INR 100 crores of corporate debt, facilitated by funds raised through its recent equity offering of INR 225 crore. This move reduces the outstanding debt from INR 793 crores to INR 693 crores.

The early debt repayment will result in lower interest payments, positively impacting the company’s financial position and returns. ARIIL continues to improve its debt profile, maintaining positive momentum as it focuses on reducing leverage.

ARIIL plans to use the funds from the equity offering to accelerate project launches and strengthen corporate functions. This strategic de-leveraging move aligns with the company’s ambitious 5x growth goal, demonstrating its commitment to higher growth and stakeholder wealth creation.

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Recent news About Ajmera Realty & Infra India Ltd:

Ajmera Realty & Infra India Ltd (ARIIL) has launched a new 10-acre residential project in Mumbai, offering 500+ luxury units. This expansion aims to strengthen market position and drive financial growth, contributing to the company’s ambitious targets.

Ace investor holding of Ajmera Realty & Infra India Ltd:

Sanjay Katkar holds a 1.37% stake in Ajmera Realty & Infra India Ltd, with 4,97,296 shares valued at ₹1053.95 each, amounting to ₹52.4 crore. His holding decreased by 0.06% from the previous quarter.

Stock performance of Ajmera Realty & Infra India Ltd for Period of 1 week, 6 months and 1 year:

Ajmera Realty & Infra India Ltd has shown impressive performance with an 18% return over the past week, 67.1% over the last six months, and an outstanding 155% return over the past year, reflecting strong growth and positive momentum in the stock.

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Shareholding pattern of Ajmera Realty & Infra India Ltd:

All values in %Sep-24Jun-24Mar-24
Promoters74.274.274.2
FII0.320.190.29
DII1.962.112.11
Retail & others23.5223.5123.41
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About Ajmera Realty & Infra India Ltd:

Ajmera Realty & Infra India Ltd (ARIIL) is a leading real estate and infrastructure development company. It focuses on residential, commercial, and township projects, with a strong commitment to sustainability and innovative solutions, driving growth and enhancing shareholder value.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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