Shares of this realty firm zoomed 165% in 6 weeks, trade at 7-year high

DB Realty's board approved fund raising via issuing 50 million convertible warrants to Rekha Jhunjhunwala, RARE Investments and others.

Shares of D B Realty hit an over seven-year high of Rs 116.70, and was locked at the 5 per cent upper circuit on the BSE on Wednesday, after its board approved raising funds via issuing 50 million convertible warrants to Rekha Jhunjhunwala and others.

The stock of Mumbai-based real estate company has been locked at the 5 per cent upper circuit for the eight straight trading day. It quoted at its highest level since June 2014. The counter has seen huge trading volumes, with a combined 2.1 million equity shares changing hands. There were pending buy orders for