SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Prime Urban Development touched the roof on getting nod to divest stake in its WOS

16 Jan 2012 Evaluate

Prime Urban Development India is locked at its upper circuit limit at Rs. 11.02, up by 0.52 points or 4.95% from its previous closing of Rs. 10.50 on the BSE.

The scrip opened at Rs. 11.02 and has touched a high and low of Rs. 11.02 and Rs. 11.02 respectively. So far 100 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 18.27 on 27-Jun-2011 and a 52 week low of Rs. 10.00 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 10.50 and Rs. 10.50 respectively. The current market cap of the company is Rs. 25.06 crore.

The promoters holding in the company stood at 62.46% while Institutions and Non-Institutions held 0.11% and 37.43% respectively.

Prime Urban Development India has received an approval for disinvestment of 100% shares held by the company in its wholly owned subsidiary (WOS) - Prime Hometex Industries (India). The company will identify the purchaser, negotiate the terms of sale etc and on transfer of the entire shares, Prime Hometex Industries (India) will cease to be a subsidiary company.

The company is looking to divest its stake in its subsidiary due to depressed conditions in the home textiles market and the company was unable to make further progress in this project. Further, the investment in the said subsidiary was also not remunerative. The board by way of circular resolution at its meeting held on January 11, 2012 has accorded their consent for the same.

Prime Hometex Industries (India) was incorporated in 2006, for pursing the project for manufacturer of Home textile products.

Prime Urban Develop. Share Price

8.85 0.25 (2.91%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 125.45
Vardhman Textiles 557.75
Arvind 387.20
K.P.R. Mill 926.40
Page Industries 37935.70
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×