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Marathon Nextgen Realty rallies over 4% after board nods debt issue for Rs450cr

The Board of Directors have authorised the "Committee of Directors" to undertake and conclude the transactions.

December 02, 2021 12:10 IST | India Infoline News Service
Marathon Nextgen Realty Ltd has informed that the Board of Directors of the Company have approved the proposal of offer and issue of Debt security in the form of Non-Convertible Debentures, of the aggregate nominal value upto Rs450cr, by way of private placement basis, in one or more tranches.

Further, the Board of Directors have authorised the "Committee of Directors" to undertake and conclude the transactions pertaining to the said issue of Debentures, as per regulatory filing.

At around 12:10 PM, Marathon Nextgen Realty was trading at Rs76.80 apiece up by Rs3.15 or 4.28%.

Previously, the scrip closed at Rs73.65 apiece on the BSE.

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PRESTIGE (NSE)

The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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