Ajmera Realty & Infra rises on getting nod to acquire 100% stake in Ajmera Luxe Realty
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Ajmera Realty & Infra India is currently trading at Rs. 275.35, up by 2.95 points or 1.08% from its previous closing of Rs. 272.40 on the BSE.
The scrip opened at Rs. 272.05 and has touched a high and low of Rs. 275.55 and Rs. 268.00 respectively. So far 15122 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 496.00 on 03-Feb-2022 and a 52 week low of Rs. 210.65 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 298.95 and Rs. 267.35 respectively. The current market cap of the company is Rs. 965.54 crore.
The promoters holding in the company stood at 69.73%, while Institutions and Non-Institutions held 0.03% and 30.24% respectively.
Ajmera Realty & Infra India has received approval from board of directors to acquire 100% equity stake comprising of 10,000 fully paid-up equity Shares of Rs 10 each in Ajmera Luxe Realty (ALRPL), which would make ALRPL wholly-owned subsidiary of the company. The board of directors of the company at its meeting held on January 30, 2023 has approved the same.
Ajmera Realty & Infra India is primarily engaged in real estate development. Its real estate business caters to the mid and hi-end housing segments. It also operates in the hospitality and entertainment, which includes dome theatres, retail and malls, etc.
