CHD Developers trades higher on converting CHD Hospitality as wholly owned subsidiary

12 Apr 2012

CHD Developers is currently trading at Rs. 5.40, up by 0.08 points or 1.50% from its previous closing of Rs. 5.32 on the BSE.

The scrip opened at Rs. 5.00 and has touched a high and low of Rs. 5.50 and Rs. 5.00 respectively. So far 48210 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 8.70 on 24-May-2011 and a 52 week low of Rs. 3.73 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 5.60 and Rs. 5.00 respectively. The current market cap of the company is Rs. 60.77 crore.

The promoters holding in the company stood at 56.50% while Institutions and Non-Institutions held 0.04% and 43.46% respectively.

CHD Developers has acquired 5010 equity shares of CHD Hospitality, thereby turning the later as it’s wholly owned subsidiary. Further, the Company has transferred whole shareholding of CHD Elite Realtech to CHD Armaan Realtech, consequent to that now CHD Elite Realtech has also become the Wholly Owned Subsidiary (WOS) of the Company.

CHD Developers has an enviable track record in the real estate industry, having provided cost-effective and holistic solutions in real estate development encompassing commercial and residential spaces, recreational complexes and educational institutions for the past 18 years.

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