The stock jumped 6.60 per cent to close at Rs 204.45 on BSE. During the day, it surged 7.84 per cent to Rs 206.85.
On NSE, shares of the company gained 6.48 per cent to end at Rs 204.45.
On the volume front, 63.35 lakh shares of the company were traded on BSE and over 5 crore shares changed hands on NSE during the day.
"The company proposes to issue secured, redeemable, non- convertible debentures of face value Rs 10 lakh each aggregating Rs 500 crore, on a private placement basis...," the Mumbai-based developer said in a regulatory filing.
The promoters had yesterday sold 3.3 crore shares of the company for about Rs 662.83 crore through open market transactions.
Disclaimer: No Business Standard Journalist was involved in creation of this content