KBC Global surges as its arm incorporates drop down wholly owned subsidiary
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KBC Global is currently trading at Rs. 2.80, up by 0.05 points or 1.82 % from its previous closing of Rs. 2.75 on the BSE.
The scrip opened at Rs. 2.74 and has touched a high and low of Rs. 2.82 and Rs. 2.66 respectively. So far 2881168 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 5.45 on 10-Jun-2022 and a 52 week low of Rs. 2.04 on 20-Apr-2023.
Last one week high and low of the scrip stood at Rs. 2.94 and Rs. 2.59 respectively. The current market cap of the company is Rs. 181.73 crore.
The promoters holding in the company stood at 3.27 % while Institutions and Non-Institutions held 0.00 % and 96.73 % respectively.
KBC Global’s wholly owned subsidiary -- KBC Global FZCO has incorporated a drop down wholly owned subsidiary named KBC International in Ghana. The objective of incorporation is to carry activities of development of low cost infrastructure housing.
KBC Global (formally known as Karda Construction) is a client focused real estate development company.
