Brigade Enterprises zooms on entering into MoU with Technopark
Brigade Enterprises is currently trading at Rs. 1082.00, up by 22.55 points or 2.13% from its previous closing of Rs. 1059.45 on the BSE.
The scrip opened at Rs. 1060.70 and has touched a high and low of Rs. 1096.15 and Rs. 1060.65 respectively. So far 5791 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. 826.30 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1259.95 and Rs. 1050.05 respectively. The current market cap of the company is Rs. 26384.12 crore.
The promoters holding in the company stood at 41.37%, while Institutions and Non-Institutions held 42.48% and 16.14% respectively.
Brigade Enterprises has entered into a Memorandum of Understanding (MoU) with Technopark to develop a World Trade Center (WTC) and supporting infrastructure, including a business hotel at Thiruvananthapuram. Aimed at developing around 1.5 million sq.ft of infrastructure, spread across a cluster of towers, the WTC is poised to bring in IT MNCs and provide ‘Grade A’ IT office space to the workforce in the park. The development is expected to generate employment opportunities, both direct and indirect, for over 10,000 people.
Brigade Enterprises already signed and initiated the expansion of WTC in Kochi Infopark with its 3rd Tower, taking its IT infrastructure to over a million sqft. Overall, Brigade plans to bring in approximately Rs 1,500 crore investment to the state in the coming years.
With over 34 years of experience in Real Estate, Brigade has established its brand in developing premium projects for its customers. In recent years, Brigade’s success in the development of the WTC Kochi and Four Points Sheraton is a testament to the Group’s commitment towards building Kerala’s real estate landscape.
Brigade Enterprises, Brigade Group's flagship company, 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.
