Man Infraconstruction inches up on incorporating Joint Venture entity in USA
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Man Infraconstruction is currently trading at Rs. 89.35, up by 0.05 points or 0.06% from its previous closing of Rs. 89.30 on the BSE.
The scrip opened at Rs. 93.80 and has touched a high and low of Rs. 93.80 and Rs. 88.45 respectively. So far 13270 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 134.45 on 11-Jan-2022 and a 52 week low of Rs. 32.43 on 01-Jun-2021.
Last one week high and low of the scrip stood at Rs. 93.80 and Rs. 82.00 respectively. The current market cap of the company is Rs. 3294.85 crore.
The promoters holding in the company stood at 66.79%, while Institutions and Non-Institutions held 2.50% and 30.71% respectively.
Man Infraconstruction has incorporated MICL Bayshore LLC in the State of Delaware, USA as a Joint Venture (JV) Entity of MICL Global, INC, a wholly owned subsidiary of the Company. MICL Bayshore LLC has been incorporated for carrying out business of Real Estate Development and other lawful activities. As on date, the Capital Contribution made by MICL Global, INC in MICL Bayshore LLC is $0.1 million.
Man Infraconstruction is an India-based company engaged in the business of civil construction. The Company’s operations consist of construction / project activities/real estate activities.
