Omaxe moves up on approving incorporation of wholly owned subsidiary
Omaxe is currently trading at Rs. 103.60, up by 0.70 points or 0.68% from its previous closing of Rs. 102.90 on the BSE.
The scrip opened at Rs. 105.00 and has touched a high and low of Rs. 107.50 and Rs. 102.85 respectively. So far 18032 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 139.00 on 04-Sep-2026 and a 52 week low of Rs. 62.85 on 09-Dec-2025.
Last one week high and low of the scrip stood at Rs. 114.75 and Rs. 94.10 respectively. The current market cap of the company is Rs. 1923.20 crore.
The promoters holding in the company stood at 74.14%, while Institutions and Non-Institutions held 5.45% and 20.40% respectively.
Omaxe has approved to incorporate a Wholly Owned Subsidiary (WOS) of the company. The proposed entity will undertake real estate-related activities, particularly projects under the Public-Private Partnership (PPP) model.
Omaxe will hold 100% of the equity share capital in the new subsidiary. The initial capitalization involves the subscription of 10,000 equity shares with a face value of Rs 10 each. The total consideration aggregates to Rs 1 lakh, which will be paid through banking channels
