Nisus Finance Services hits upper circuit on acquiring two grade A residential gems in Dubai
Nisus Finance Services Co is currently trading at upper limit of Rs. 535.20, up by 25.45 points or 4.99% from its previous closing of Rs. 509.75 on the BSE.
The scrip opened at Rs. 529.00 and has touched a high and low of Rs. 535.20 and Rs. 525.00 respectively. So far 46400 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 571.40 on 14-Jan-2025 and a 52 week low of Rs. 224.45 on 12-Dec-2024.
Last one week high and low of the scrip stood at Rs. 535.20 and Rs. 480.00 respectively. The current market cap of the company is Rs. 1277.96 crore.
Nisus Finance Services has acquired two Grade A residential gems in Dubai’s thriving neighbourhoods - Jumeirah Village Circle (JVC) and Al Furjan. These acquisitions, facilitated through the Nisus High Yield Growth Fund Closed-Ended IC, registered in the Dubai International Financial Centre (DIFC), mark a significant milestone in the fund’s trajectory.
These strategic investments contribute $55 million to the assets under management (AUM) of the Nisus High Yield Growth Fund Closed-Ended IC, underscoring its robust growth and positioning it as a key player in the region.
The newly acquired properties, nestled in prime locations, are primed to tap into Dubai’s thriving real estate market. The city’s home sales surged by 25% in Q3 2024, fueled by a strong economy, burgeoning tourism, and an expanding international community. With Dubai’s GDP projected to grow at an impressive 4.6%, the city offers unparalleled opportunities for excellent returns and long-term value.
Nisus Finance Services is mainly engaged in the business of Transaction Advisory services, while its subsidiaries, stepdown subsidiaries, and associate companies which are engaged in Real Estate and Urban Infrastructure Fund and Asset Management.
