DB Realty is currently trading at Rs. 37.45, up by 1.00 points or 2.74% from its previous closing of Rs. 36.45 on the BSE.
The scrip opened at Rs. 36.70 and has touched a high and low of Rs. 38.40 and Rs. 35.90 respectively. So far 179264 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 53.85 on 18-Apr-2017 and a 52 week low of Rs. 32.25 on 11-Aug-2017.
Last one week high and low of the scrip stood at Rs. 41.10 and Rs. 32.85 respectively. The current market cap of the company is Rs. 890.33 crore.
The promoters holding in the company stood at 62.31%, while institutions and non-institutions held 11.25% and 26.43% respectively.
DB Realty is planning to acquire 2,65,707 (i.e. approximately18.35% to total share capital) nos. of Compulsory Convertible Preference Shares (CCPS) of DB (BKC) Realtors (DB BKC) from Trinity Capital (Ten), Mauritius (Seller) on the terms and conditions agreed in the Share Purchase Agreement dated October 17, 2017 and other ancillary documents executed with the Seller and / or other necessary parties.
Further, post acquisition of aforesaid CCPS by the company, DB BKC will become a subsidiary company of the company in terms with the provisions of Sec. 2(87) of the Companies Act, 2013.
DB Realty is a real estate development and construction company. The company is engaged in the construction of residential buildings/commercial complexes and activities connected and incidental thereto.
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