Oberoi Realty announces early payment of NCDs worth Rs125cr; stock up 15% today

Oberoi Realty shares jumped to an intraday high of Rs354 per piece after opening at an intraday low of Rs308.70.

Apr 16, 2020 05:04 IST India Infoline News Service

Investors continued to add Oberoi Realty shares in their portfolio on Thursday's trading session, as the stock rose by nearly 15% on Sensex. Positive sentiments can also be the cause of the realty's decision to carry early pay of non-convertible debentures (NCD).

The company announced that, it prepaid 125 listed non-convertible debentures (NCDs) of Rs1cr each, aggregating to Rs125cr, and its interest payment.

Meanwhile, during the day Oberoi Realty shares jumped to an intraday high of Rs354 per piece after opening at intraday low of Rs308.70.

The stock finally ended at Rs342.05  per piece up by Rs31.85  or 10.27% on Sensex.

Oberoi has set April 23, 2020, for the repayment of NCDs.

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