The company made this announcement during trading hours today, 1 December 2009.

Meanwhile, the BSE Sensex was up 162.55 points, or 0.95%, to 17,088.77.

On BSE, 1.24 lakh shares were traded in the counter as against an average daily volume of 2.87 lakh shares in the past one quarter.

The stock hit a high of Rs 82.75 and a low of Rs 78.60 so far during the day. The stock had hit a 52-week high of Rs 100.90 on 4 September 2009 and a 52-week low of Rs 16 on 2 December 2008.

The mid-cap stock had underperformed the market over the past one month till 27 November 2009, rising 0.19% as compared to the Sensex's 1.70% rise. It had also underperformed the market in the past one quarter, falling 15.48% as compared to the Sensex's return of 5.39%.

The company's equity capital is Rs 55.84 crore. Face value per share is Rs 2.

The current price of Rs 80.90 discounts the company's Q2 September 2009 annualized EPS of Rs 10.44, by a PE multiple of 7.75.

The total size of the deal is Rs 1100 crore. Till date, Peninsula Land has received a sum of Rs 685 crore from the deal, it said in a filing with BSE.

Peninsula Land's net profit rose 33.5% to Rs 72.87 crore on 52.7% increase in net sales to Rs 168.72 crore in Q2 September 2009 over Q2 September 2008.

Peninsula Land is a real estate development company. The company undertakes development of upscale residential communities.