Nimbus Projects jumps on getting nod to acquire stake in IITL-Nimbus The Express Park
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Nimbus Projects is currently trading at Rs. 31.75, up by 0.61 points or 1.96% from its previous closing of Rs. 31.14 on the BSE.
The scrip opened at Rs. 29.52 and has touched a high and low of Rs. 32.39 and Rs. 29.52 respectively. So far 32 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 48.95 on 07-Oct-2022 and a 52 week low of Rs. 29.07 on 04-Oct-2023.
Last one week high and low of the scrip stood at Rs. 35.70 and Rs. 29.07 respectively. The current market cap of the company is Rs. 34.41 crore.
The promoters holding in the company stood at 51.30%, while Non-Institutions held 48.70% stake in the company.
Nimbus Projects has received approval for execution of the tripartite agreement dated on October 06, 2023 with IITL-Nimbus The Express Park View and IITL Projects for acquisition of stake of IITL-Nimbus The Express Park View from IITL Projects. The business of IITL-Nimbus The Express Park View is in line with the business of the Company, therefore, object of acquisition is to enhance the company’s stake in capital of the firm. The board of directors at its meeting held on October 06, 2023 has approved the same.
Nimbus Projects is engaged in real estate business and providing real estate consultancy to its various clients.
