Brigade Enterprises rises on buying property at North Bangalore for Rs 218 crore

01 Jan 2018

Brigade Enterprises is currently trading at Rs. 322.05, up by 6.15 points or 1.95% from its previous closing of Rs. 315.90 on the BSE.

The scrip opened at Rs. 320.00 and has touched a high and low of Rs. 324.05 and Rs. 319.00 respectively. So far 2,276 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 324.65 on 22-Dec-2017 and a 52 week low of Rs. 148.70 on 30-Dec-2016.

Last one week high and low of the scrip stood at Rs. 324.05 and Rs. 307.25 respectively. The current market cap of the company is Rs. 4,377.00 crore.

The promoters holding in the company stood at 46.88%, while Institutions and Non-Institutions held 27.46% and 25.67% respectively.

Brigade Enterprises through its wholly owned subsidiary - Brigade Infrastructure and Power (BIPL) has acquired a prime property admeasuring 12.95 acres at Yeshwanthpur, North Bangalore for a sale consideration of Rs 218 crore from SABMiller India. This property is strategically located to develop an IT Park.

Brigade Enterprises is a property development company. The company focuses on residential, offices, retail and hospitality projects. The company operates through three segments -- Real Estate segment, Hospitality segment and Leasing segment.

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Brigade Enterprises Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323