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Valor Estate jumps as its arm acquires additional 30% equity shares in HVPL
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Valor Estate is currently trading at Rs. 201.45, up by 4.75 points or 2.41% from its previous closing of Rs. 196.70 on the BSE.
The scrip opened at Rs. 200.75 and has touched a high and low of Rs. 204.70 and Rs. 199.50 respectively. So far 181928 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 284.95 on 09-Feb-2024 and a 52 week low of Rs. 62.50 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 208.60 and Rs. 190.60 respectively. The current market cap of the company is Rs. 10900.99 crore.
The promoters holding in the company stood at 50.89%, while Institutions and Non-Institutions held 2.23% and 46.88% respectively.
Valor Estate’s wholly owned subsidiary -- Nine Paradise Erectors (NPEPL) has acquired additional 30% equity shares in Horizontal Ventures (HVPL) held by BD and P Hotels (India), another subsidiary of the Company. Thus, post-acquisition of shares by NPEPL, the total equity shareholding of NPEPL in HVPL has increased to 92.85%.
Valor Estate (formerly known as D B Realty) is primarily in the business of real estate construction, development and other related activities. The company is focused on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment.
