Veer Global Infracon
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Veer Global Infraconstruction's board approved a rights issue of equity shares for up to ₹15 crores at a meeting held on Monday, the company informed the stock exchange. The board also gave final approval for the allotment of 8,00,000 equity shares at ₹85 each to non-promoter entities through conversion of unsecured loans worth ₹6.8 crores, following in-principle clearance from BSE noted at the same meeting.
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Veer Global Infraconstruction's board approved a rights issue of equity shares for up to ₹15 crores at a meeting held on Monday, the company informed the stock exchange. The board also gave final approval for the allotment of 8,00,000 equity shares at ₹85 each to non-promoter entities through conversion of unsecured loans worth ₹6.8 crores, following in-principle clearance from BSE noted at the same meeting.
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Veer Global Infraconstruction has called a shorter-notice board meeting on June 22 to note the in-principle approval from BSE for its proposed preferential issue of equity shares. The meeting will also consider the allotment of shares via conversion of loans into equity—a plan earlier approved by the board but deferred—and evaluate a new rights issue of equity shares. The preferential allotment involves converting ₹6.8 crores of unsecured loans into 8,00,000 shares at ₹85 each, while the rights issue marks a fresh fundraising proposal.
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Veer Global Infraconstruction has called a shorter-notice board meeting on June 22 to note the in-principle approval from BSE for its proposed preferential issue of equity shares. The meeting will also consider the allotment of shares via conversion of loans into equity—a plan earlier approved by the board but deferred—and evaluate a new rights issue of equity shares. The preferential allotment involves converting ₹6.8 crores of unsecured loans into 8,00,000 shares at ₹85 each, while the rights issue marks a fresh fundraising proposal.
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June 18 (Reuters) - Veer Global Infraconstruction Ltd VEEG.BO:
VEER GLOBAL INFRACONSTRUCTION - TO CONSIDER ISSUE OF EQUITY SHARES ON RIGHTS ISSUE BASIS
Source text: ID:nBSE9LrbxT
Further company coverage: VEEG.BO
(([email protected];))
June 18 (Reuters) - Veer Global Infraconstruction Ltd VEEG.BO:
VEER GLOBAL INFRACONSTRUCTION - TO CONSIDER ISSUE OF EQUITY SHARES ON RIGHTS ISSUE BASIS
Source text: ID:nBSE9LrbxT
Further company coverage: VEEG.BO
(([email protected];))
Oct 1 (Reuters) - Veer Global Infraconstruction Ltd VEEG.BO:
VEER GLOBAL INFRACONSTRUCTION LTD - GETS TAX DEMAND NOTICE FOR 221.3 MILLION RUPEES
Source text: ID:nBSE9vltcF
Further company coverage: VEEG.BO
Oct 1 (Reuters) - Veer Global Infraconstruction Ltd VEEG.BO:
VEER GLOBAL INFRACONSTRUCTION LTD - GETS TAX DEMAND NOTICE FOR 221.3 MILLION RUPEES
Source text: ID:nBSE9vltcF
Further company coverage: VEEG.BO
May 30 (Reuters) - Veer Global Infraconstruction Ltd VEEG.BO:
VEER GLOBAL INFRACONSTRUCTION LTD - APPOINTMENT OF PRIYANK CHANDRAKANT PARIKH AS CFO
Source text for Eikon: ID:nBSE58Jvhj
Further company coverage: VEEG.BO
(([email protected];;))
May 30 (Reuters) - Veer Global Infraconstruction Ltd VEEG.BO:
VEER GLOBAL INFRACONSTRUCTION LTD - APPOINTMENT OF PRIYANK CHANDRAKANT PARIKH AS CFO
Source text for Eikon: ID:nBSE58Jvhj
Further company coverage: VEEG.BO
(([email protected];;))
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What does Veer Global Infracon do?
Veer Global Infraconstruction Limited is a real estate developer specializing in affordable residential projects in Vasai-Virar and Palghar district. They excel in location identification, development, design, and project management.
Who are the competitors of Veer Global Infracon?
Veer Global Infracon major competitors are Sumit Woods, SV Global Mill, Vipul, Hampton Sky Realty, Espire Hospitality, Samor Reality, Ratnabhumi Developer. Market Cap of Veer Global Infracon is ₹232 Crs. While the median market cap of its peers are ₹246 Crs.
Is Veer Global Infracon financially stable compared to its competitors?
Veer Global Infracon seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Veer Global Infracon pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Veer Global Infracon latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Veer Global Infracon allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Veer Global Infracon balance sheet?
Balance sheet of Veer Global Infracon is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Veer Global Infracon improving?
The profit is oscillating. The profit of Veer Global Infracon is ₹1.77 Crs for TTM, ₹1.81 Crs for Mar 2025 and ₹1.46 Crs for Mar 2024.
Is the debt of Veer Global Infracon increasing or decreasing?
Yes, The net debt of Veer Global Infracon is increasing. Latest net debt of Veer Global Infracon is ₹15.92 Crs as of Mar-25. This is greater than Mar-24 when it was ₹3.18 Crs.
Is Veer Global Infracon stock expensive?
Veer Global Infracon is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Veer Global Infracon is 144, while 3 year average PE is 281. Also latest EV/EBITDA of Veer Global Infracon is 80.21 while 3yr average is 42.62.
Has the share price of Veer Global Infracon grown faster than its competition?
Veer Global Infracon has given lower returns compared to its competitors. Veer Global Infracon has grown at ~23.77% over the last 4yrs while peers have grown at a median rate of 25.42%
Is the promoter bullish about Veer Global Infracon?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 73.43% and last quarter promoter holding is 73.41%.
Are mutual funds buying/selling Veer Global Infracon?
There is Insufficient data to gauge this.