Ajmera Realty repaid ₹100 crore debt, improving financial health and boosting share price.

Ajmera Realty & Infra India Ltd repaid ₹100 crore of its corporate debt using funds from a recent ₹225 crore equity offering, reducing its outstanding debt to ₹693 crore. This move aims to lower interest payments and improve financial health, supporting the company's goal of achieving 5x growth. The debt reduction also led to a 52-week high in the company's share price and a 58% increase in net profit compared to the same period last year.

November 28, 2024
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