D B Realty touches roof as its arm enters into non-binding term sheet to sell land at Mumbai
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D B Realty is locked at its upper circuit limit of Rs. 114.95, up by 5.45 points or 4.98% from its previous closing of Rs. 109.50 on the BSE.
The scrip opened at Rs. 114.95 and has touched a high and low of Rs. 114.95 and Rs. 114.95 respectively. So far 156959 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.85 on 14-Feb-2022 and a 52 week low of Rs. 25.10 on 21-Sep-2021.
Last one week high and low of the scrip stood at Rs. 114.95 and Rs. 90.15 respectively. The current market cap of the company is Rs. 3322.73 crore.
The promoters holding in the company stood at 65.28%, while Institutions and Non-Institutions held 3.42% and 31.30% respectively.
D B Realty’s wholly owned subsidiary -- Esteem Properties has entered into a non-binding term sheet with a large fund for sale of its land at adjoining ITC Grand Maratha Hotel, Andheri East, Mumbai at a consideration of Rs 480 crore. The proposed transaction is subject to customary diligence and necessary approvals and is expected to close within 60 to 90 days.
D B Realty is a real estate development company that focuses on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment, in and around Mumbai.
