Brigade Enterprises soars as its arm incorporates Limited Liability Partnership
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Brigade Enterprises is currently trading at Rs. 1299.95, up by 24.10 points or 1.89% from its previous closing of Rs. 1275.85 on the BSE.
The scrip opened at Rs. 1290.00 and has touched a high and low of Rs. 1312.80 and Rs. 1280.35 respectively. So far 8455 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1451.90 on 25-Jun-2024 and a 52 week low of Rs. 551.00 on 09-Aug-2023.
Last one week high and low of the scrip stood at Rs. 1312.80 and Rs. 1175.00 respectively. The current market cap of the company is Rs. 29489.46 crore.
The promoters holding in the company stood at 43.72%, while Institutions and Non-Institutions held 39.03% and 17.25% respectively.
Brigade Enterprises’ wholly owned subsidiary--Brigade Tetrarch has incorporated a Limited Liability Partnership (LLP) named as ‘Brigade HRC LLP’ with an initial capital contribution of Rs 67 lakh. The said LLP will take up development of real estate projects.
Brigade Enterprises is engaged in developing residential, commercial and retail properties primarily in Bangalore and Mysore, and has also developed and is managing a number of serviced apartments under the brand, Brigade Homestead.
