Arkade Developers shines on getting nod for Acquisition of 100% shares of Filmistan
Arkade Developers is currently trading at Rs. 197.00, up by 8.55 points or 4.54% from its previous closing of Rs. 188.45 on the BSE.
The scrip opened at Rs. 189.00 and has touched a high and low of Rs. 199.70 and Rs. 186.55 respectively. So far 154321 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 204.90 on 17-Jun-2025 and a 52 week low of Rs. 128.30 on 21-Nov-2024.
Last one week high and low of the scrip stood at Rs. 199.70 and Rs. 186.55 respectively. The current market cap of the company is Rs. 3652.00 crore.
The promoters holding in the company stood at 71.09%, while Institutions and Non-Institutions held 0.61% and 28.30% respectively.
Arkade Developers has received approval for execution of a share purchase agreement (SPA) for the acquisition of 100% shares in Filmistan (FPL), pursuant to which FPL will become the wholly owned subsidiary of the company. The cost of the acquisition is around Rs 182.95 crore.
The objective of the acquisition is to facilitate smoother expansion of operations in the real estate sector. It will aid in the development and growth of the company’s real estate business. The Board of Directors of the company in their meeting held on July 03, 2025, has approved the same.
Arkade Developers is primarily engaged in real estate development. The operations of the company span all aspects of real estate development, from the identification and acquisition of land, to planning, execution, construction and marketing of Commercial and residential projects.
