D B Realty touches roof on acquiring entire equity shares in DB Man Realty

D B Realty is locked its upper circuit limit at Rs. 113.80, up by 5.40 points or 4.98% from its previous closing of Rs. 108.40 on the BSE.

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D B Realty

The scrip opened at Rs. 106.55 and has touched a high and low of Rs. 113.80 and Rs. 106.00 respectively. So far 296251 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 139.45 on 23-Sep-2022 and a 52 week low of Rs. 29.60 on 08-Oct-2021.

Last one week high and low of the scrip stood at Rs. 117.25 and Rs. 102.60 respectively. The current market cap of the company is Rs. 3689.10 crore.

The promoters holding in the company stood at 65.28%, while Institutions and Non-Institutions held 3.42% and 31.30% respectively.

D B Realty has acquired entire equity shares of DB Man Realty (DB Man), a subsidiary company in which the Company/ its nominees already hold 91% stake.

Post-acquisition of the shares by the Company, DB Man shall be a wholly owned subsidiary of the company.

The objective of purchase is to make DB Man a wholly owned subsidiary company.

D B Realty is a real estate development company that focuses on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment, in and around Mumbai.

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