India's Prestige Estates hits record high on fundraise

Prestige Estates Projects

24/06/2024 10:47

** Shares of India's Prestige Estates Projects  PREG.NS 
rose as much as 4.6% to hit record high, last up 3.9%
    ** Co top pct. gainer on the Nifty Realty index
 .NIFTYREAL , which is up 0.3%
    ** PREG's board approved roughly $600 mln fundraise by
issuing shares to institutional investors late on Friday
    ** Trading vols. 1.3x 30-day avg. 
    ** Including session's gains, YTD stock had risen 75%,
outperforming a 45% rise in NIFTYREAL

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))