Noida Toll Bridge Company is currently trading at Rs. 22.65, down by 0.15 points or 0.66% from its previous closing of Rs. 22.80 on the BSE.
The scrip opened at Rs. 22.45 and has touched a high and low of Rs. 23.65 and Rs. 22.20 respectively. So far 55,000 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 36.80 on 04-May-2015 and a 52 week low of Rs. 21.80 on 17-Feb-2016.
Last one week high and low of the scrip stood at Rs. 23.65 and Rs. 22.20 respectively. The current market cap of the company is Rs. 421.73 crore.
The promoters holding in the company stood at 26.37% while Institutions and Non-Institutions held 27.62% and 45.99% respectively.
Noida Toll Bridge Company has received an Assessment Order for AY 2013-14 along with a demand notice of Rs 196.47 crore on April 01, 2016. The company is in the process of filing appeal contesting the assessment made by the Assessing Officer, erroneously interpreting the provisions regarding designated return and allotment of land. The tax demand is contingent. Based on the legal advice, the Department’s stand is unlikely to withstand argument.
Noida Toll Bridge Company has been promoted by Infrastructure Leasing and Financial Services (IL&FS) as a special purpose vehicle (SPV) to develop construct, operate and maintain the DND Flyway on a Build Own Operate Transfer (BOOT) basis.
