Omaxe rises as its arm incorporates wholly owned subsidiary
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Omaxe is currently trading at Rs. 101.50, up by 1.30 points or 1.30% from its previous closing of Rs. 100.20 on the BSE.
The scrip opened at Rs. 105.00 and has touched a high and low of Rs. 105.00 and Rs. 101.00 respectively. So far 1189 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.75 on 22-Jul-2022 and a 52 week low of Rs. 66.05 on 02-Dec-2021.
Last one week high and low of the scrip stood at Rs. 105.00 and Rs. 99.00 respectively. The current market cap of the company is Rs. 1832.66 crore.
The promoters holding in the company stood at 74.14%, while Institutions and Non-Institutions held 12.50% and 13.35% respectively.
Omaxe’s wholly owned subsidiary -- MR Real Estate has incorporated wholly owned subsidiary in the name of Estatelance Developers. Estatelance Developers is incorporated to carry on the business of real estate development, the business of builders, real estate-developers, contractors, sub-contractors, dealers and to enter into contracts and arrangements of all kinds with builders, tenants, occupiers and others, land development, service apartments, serviced plots, constructions of residential and commercial premises. Nature of consideration is 100% subscription to the paid up share capital through Banking channel.
Omaxe is an India-based company engaged in real estate and infrastructure businesses. The Company operates in two segments Real estate and Construction.
