Arvind SmartSpaces soars on getting nod to consolidate partnership interest in AEI LLP
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Arvind Smartspaces is currently trading at Rs. 248.85, up by 10.05 points or 4.21% from its previous closing of Rs. 238.80 on the BSE.
The scrip opened at Rs. 238.65 and has touched a high and low of Rs. 248.85 and Rs. 235.90 respectively. So far 3654 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 300.05 on 12-Sep-2022 and a 52 week low of Rs. 142.35 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 262.85 and Rs. 220.00 respectively. The current market cap of the company is Rs. 1093.99 crore.
The promoters holding in the company stood at 53.82%, while Institutions and Non-Institutions held 9.53% and 36.64% respectively.
Arvind SmartSpaces has received approval for consolidation of the partnership interest in Ahmedabad East Infrastructure LLP (AEI LLP) from 51.43% to 55.24% and profit sharing in AEI LLP from 94.25% to 98% upon acquisition of entire partnership interest of Arvind Infrabuild LLP in AILLP.
The cost of acquisition is Rs 7.10 crore and would get completed upon execution of LLP agreement and transfer of consideration within 30 days. The acquisition is at arm’s length and at fair value.
Arvind SmartSpaces is engaged in to the business of Construction and Real Estate.
