Rakesh Jhunjhunwala's multibagger real estate stock: Taking the right steps toward debt-free status by November 30; keep a close eye!
Rakesh Jhunjhunwala's multibagger real estate stock: Taking the right steps toward debt-free status by November 30; keep a close eye!

Rakesh Jhunjhunwala's multibagger real estate stock: Taking the right steps toward debt-free status by November 30; keep a close eye!

This strategic financial move is poised to render the company entirely debt-free on a standalone basis by or before November 30, 2023

Karan Dsij Article rating: 3.9

In a captivating turn of events, the Promoter Group has successfully divested 1.46 crore shares, equating to a 2.91 per cent stake in the company, raking in an impressive Rs 301 crore from the sale. Intriguingly, a significant chunk of the proceeds has been reinvested by the promoters into the company, facilitating the repayment of related party transactions and an unsecured, interest-free loan.

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