NEW DELHI: Anant Raj has reported a growth of 75 per cent in its net consolidated profit during the quarter ended September 30, 2024. Its profit after tax stood at Rs 105.65 crore as against Rs 60.37 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 523.75 crore in Q2 FY25, a growth of 53.67 per cent from Rs 340.83 crore it recorded in the similar quarter last year.
The board of directors approved issuance of equity shares or other convertible securities by way of qualified
institutions placement, for an aggregate consideration not exceeding Rs 2,000 crore.
The board also approved issuance and allotment of fully convertible warrants, each carrying right exercisable by the warrant holder to subscribe to one equity share of face value of Rs 2 each to the persons belonging to the promoter & promoter group on preferential basis, aggregating up to Rs 100 crore.
During the quarter ended September 30, 2024, the company acquired 100% equity shares of Sheetij Properties post which it became a wholly-owned subsidiary.
