Setubandhan Infrastructure shines on getting nod to divest 99.99% stake in Bhumit Real Estate

Setubandhan Infrastructure is currently trading at Rs. 2.42, up by 0.10 points or 4.31% from its previous closing of Rs. 2.32 on the BSE.

Setubandhan Infrastructure
Setubandhan Infrastructure

The scrip opened at Rs. 2.43 and has touched a high and low of Rs. 2.43 and Rs. 2.38 respectively. So far 4028 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 4.64 on 12-Jan-2022 and a 52 week low of Rs. 1.07 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 2.43 and Rs. 2.13 respectively. The current market cap of the company is Rs. 30.54 crore.

The promoters holding in the company stood at 27.42% and Non-Institutions held 72.58%.

Setubandhan Infrastructure has received approval for divestment of 99.99% equity stake in subsidiary — Bhumit Real Estate (BREPL).

Revenue contributed by BREPL in company’s consolidated revenue (FY 2021-22) is nil and net worth contributed in consolidated net worth is -0.01%. Within One month Sale/disposal will be complete.

The Board of Directors in its meeting held on June 27, 2022 has considered the same.

Setubandhan Infrastructure is a construction company predominantly engaged in the business of infrastructure development and civil construction.

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