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Kridhan Infra rises as its arm plans to acquire Singapore based leading EPC company ‘Swee Hong’

26 Feb 2016 Evaluate

Kridhan Infra is currently trading at Rs. 93.70, up by 4.10 points or 4.58% from its previous closing of Rs. 89.60 on the BSE.

The scrip opened at Rs. 92.20 and has touched a high and low of Rs. 97.20 and Rs. 92.20 respectively. So far 6,832 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 125.70 on 01-Jan-2016 and a 52 week low of Rs. 71.05 on 20-Mar-2015.

Last one week high and low of the scrip stood at Rs. 99.60 and Rs. 87.00 respectively. The current market cap of the company is Rs. 696.00 crore.

The promoters holding in the company stood at 64.46% while Institutions and Non-Institutions held 0.54% and 35.00% respectively.

Kridhan Infra’s subsidiary Readymade Steel Singapore (RMS Singapore), has signed a term sheet to subscribe 300 million shares and 500 million warrants in Singapore based leading EPC company ‘Swee Hong’ for total consideration of SG $8 million. The acquisition is subject to successful completion of various terms and conditions of the Term Sheet.

The acquisition will help the company in entering the larger EPC segment in Singapore as well as other geographies. The acquisition will be significant considering the robust demand outlook in Singapore and other countries for civil engineering works and smart cities projects. This would result in the Kridhan moving up the value chain to larger EPC projects with the vision to create complete Infrastructure Solutions company.

Swee Hong is one of the leading EPC company in Singapore with over 50 years of experience in civil engineering and is listed on the Stock Exchange of Singapore. Over the years, the company has grown from strength to strength to cover entire spectrum of EPC services with expertise in tunneling, sewer works, bridge works, roads works, flyovers, among others. The EPC order book of the company stood at SG $124 million as on 31st December 2015.

Kridhan Infra, an ISO 9001:2008 certified company, is one of the pioneers in introducing the concept of ready to use steel for the construction industry in the country.


Kridhan Infra Share Price

2.63 0.06 (2.33%)
20-Apr-2026 09:41 View Price Chart
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