Omaxe rises on acquiring stake in M/s Secure Properties
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Omaxe is currently trading at Rs. 89.00, up by 0.95 points or 1.08% from its previous closing of Rs. 88.05 on the BSE.
The scrip opened at Rs. 89.80 and has touched a high and low of Rs. 90.50 and Rs. 87.70 respectively. So far 10528 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 121.40 on 20-Feb-2024 and a 52 week low of Rs. 42.39 on 29-Aug-2023.
Last one week high and low of the scrip stood at Rs. 99.70 and Rs. 80.00 respectively. The current market cap of the company is Rs. 1625.99 crore.
The promoters holding in the company stood at 74.14% while Institutions and Non-Institutions held 9.46% and 16.41% respectively.
Omaxe has acquired 16,99,670 Equity Shares of Rs 10 each representing 34.55% of the Paid-up Equity Share Capital of M/s Secure Properties. Further, the company has subscribed 3,500 Equity Shares of Rs 10 each representing 35% Paid Up Equity Share Capital of Omaxe Be Together Amausi Busport.
The company has also subscribed 3,500 Equity Shares of Rs 10 each representing 35% Paid Up Equity Share Capital of Omaxe Be Together Ayodhya Dham Busport. Consequently, all the above-mentioned entities shall become the Associate Companies of Omaxe.
Omaxe is an India-based company engaged in real estate and infrastructure businesses. The Company operates in two segments Real estate and Construction.
