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RDB Realty & Infrastructure surges on selling 100% stake in Rathi Essen Finance Company

31 Mar 2015

RDB Realty & Infrastructure is currently trading at Rs. 26.00, up by 0.65 points or 2.56% from its previous closing of Rs. 25.35 on the BSE.

The scrip opened at Rs. 24.00 and has touched a high and low of Rs. 26.00 and Rs. 24.00 respectively. So far 3290 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 38.15 on 23-Feb-2015 and a 52 week low of Rs. 11.85 on 29-Apr-2014.

Last one week high and low of the scrip stood at Rs. 28.50 and Rs. 23.05 respectively. The current market cap of the company is Rs. 41.48 crore.

The promoters holding in the company stood at 73.99 % while Institutions and Non-Institutions held 0.01 % and 26.00 % respectively.

RDB Realty & Infrastructure has sold its 100% stake in non material subsidiary company ‘Rathi Essen Finance Company’. Pursuant to this sale, Rathi Essen Finance Company shall no more continue to be the subsidiary of the company with effect from March 20, 2015.

RDB Realty & Infrastructure, an ISO 9001:2008 certified company, is one of the leading real estate companies in Eastern India. It has pan India presence with all the necessary infrastructure, manpower, and finance.


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SEBI Registered: Investment Adviser - INA000013323