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Kridhan Infra rises on inking definitive SPA to acquire 36.6% stake in VNC

30 Oct 2017 Evaluate

Kridhan Infra is currently trading at Rs. 105.55, up by 1.25 points or 1.20% from its previous closing of Rs. 104.30 on the BSE.

The scrip opened at Rs. 106.00 and has touched a high and low of Rs. 106.95 and Rs. 104.30 respectively. So far 22,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 107.05 on 27-Oct-2017 and a 52 week low of Rs. 47.50 on 24-Mar-2017.

Last one week high and low of the scrip stood at Rs. 107.05 and Rs. 97.50 respectively. The current market cap of the company is Rs. 782.04 crore.

The promoters holding in the company stood at 60.17%, while Institutions and Non-Institutions held 0.63% and 39.20% respectively.

Kridhan Infra has signed a definitive Share Purchase Agreement (SPA) with institutional and other investors of Vijay Nirman Company (VNC) to acquire a 36.60% stake in VNC. This acquisition strengthens the company’s India business by adding a strong execution team. Also, VNC business strongly complements Kridhan’s global EPC skill set.

Vijay Nirman Company is a pedigreed private construction company with over 35 years of operations. It has generated more than Rs 6,500 crore in revenues in last 10 years. The company has a current order book of Rs 2,500 crore to be executed over 18-24 months.

Kridhan Infra has evolved from a steel products manufacturer to a niche foundation engineering company.


Kridhan Infra Share Price

2.57 0.08 (3.21%)
17-Apr-2026 16:59 View Price Chart
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