India's D B Realty falls on plan to abandon convertible warrants issue

Valor Estate

15/12/2021 07:32

** Shares of the real estate development co  DBRL.NS  fall
as much as 5% to 41.20 rupees, their lowest since Dec 3
    ** DBRL posts biggest intraday pct loss since Nov 22 in
fourth straight session of losses
    ** Co said https://bit.ly/3pY0CYX on Tuesday that board of
directors had decided to abandon the issue of convertible
warrants on preferential basis
    ** DBRL said it was exploring various options of raising
funds
    ** More than 238,000 shares traded by 0718 GMT, 0.2 times
their 30-day avg of over 1.1 mln shares 
    ** As of last close, DBRL had risen 204.2% this year vs a
62.2% gain in the Nifty Realty index  .NIFTYREAL  

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))