Nimbus Projects rises on entering into MoU with Kaamag, Maayins Real Estate
Nimbus Projects is currently trading at Rs. 227.25, up by 2.70 points or 1.20% from its previous closing of Rs. 224.55 on the BSE.
The scrip opened at Rs. 226.00 and has touched a high and low of Rs. 227.25 and Rs. 226.00 respectively. So far 8051 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 307.00 on 24-Oct-2025 and a 52 week low of Rs. 165.55 on 05-May-2026.
Last one week high and low of the scrip stood at Rs. 229.20 and Rs. 165.55 respectively. The current market cap of the company is Rs. 433.80 crore.
The promoters holding in the company stood at 70.50%, while Institutions and Non-Institutions held 0.03% and 29.47% respectively.
Nimbus Projects has entered into a Memorandum of Understanding (MoU) with Kaamag and Maayins Real Estate in relation to proposed collaboration/development of approximately 25 acres of land situated at Neemgaon, Tehsil Govardhan, District Mathura, Uttar Pradesh.
The company proposed to pay Rs 20 crore as non-refundable upfront amount at the time of execution of definitive joint development agreement and additional Rs 10 crore within 60 days or launch of the project, whichever is earlier, as adjustable/refundable security deposit.
The proposed project shall be undertaken under a joint development/revenue sharing model between the parties. The company shall undertake activities relating to approvals, development, marketing and other related project activities. The revenue/constructed saleable area is proposed to be shared between the parties in the ratio of 50:50 for residential and commercial development.
