Readymade Steel advances on plans to acquire Singapore based company

Kridhan Infra Ltd. | Steel & Iron Products | Metals & Mining | BSE: 533482 | NSE: KRIDHANINF

28 Mar 2012 Evaluate

Readymade Steel is currently trading at Rs. 81.65, up by 0.60 points or 0.74% from its previous closing of Rs. 81.05 on the BSE.

The scrip opened at Rs. 75.15 and has touched a high and low of Rs. 86.50 and Rs. 71.00 respectively. So far 68934 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 117.75 on 13-Jul-2011 and a 52 week low of Rs. 35.15 on 09-Aug-2011.

Last one week high and low of the scrip stood at Rs. 86.50 and Rs. 67.00 respectively. The current market cap of the company is Rs. 94.92 crore.

The promoters holding in the company stood at 64.44% while Non-Institutions held 35.56%.

Readymade Steel India (RMS), a leader in offering product and service solutions for the building and construction industry in the infrastructure space, through its wholly owned subsidiary in Singapore, has entered into a share sale and purchase agreement to acquire substantial majority stake in KH Foges. The proposed acquisition is significant for RMS considering the robust demand outlook in Singapore and growing demand for ground engineering services in India.

KH Foges is a company incorporated and situated in Singapore and engaged in the specialised business of foundation engineering. KH Foges specializes in bored cast in-place concrete piling and driven (precast RC pile, spun pile, H-Steel pile) piling foundation work, providing complete services encompassing design, supply, construct and project management.

Readymade Steel is primarily in the business of providing ready to use steel for construction activities to the infrastructure industry. Readymade Steel is used in commercial and residential projects and various infrastructure works like the metro/mono-rail, bridges, highways, power plants, etc. Cut and bent steel is used in columns, beams, foundations and slabs.

Kridhan Infra Share Price

2.69 0.00 (0.00%)

06-May-2026 16:59 View Price Chart

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