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Peninsula Land strengthens with arm hiking stake in HEM Infrastructure

12 Mar 2018

Peninsula Land is currently trading at Rs. 24.15, up by 0.50 points or 2.11% from its previous closing of Rs. 23.65 on the BSE.

The scrip opened at Rs. 24.40 and has touched a high and low of Rs. 24.75 and Rs. 23.85 respectively. So far 15,180 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 44.00 on 08-Jan-2018 and a 52 week low of Rs. 17.15 on 21-Mar-2017.

Last one week high and low of the scrip stood at Rs. 27.90 and Rs. 22.50 respectively. The current market cap of the company is Rs. 674.27 crore.

The promoters holding in the company stood at 55.37%, while Institutions and Non-Institutions held 12.24% and 32.39% respectively.

Peninsula Land’s wholly-owned subsidiary - Peninsula Holdings and Investments (PHIPL) has entered into a Share Purchase Agreement (SPA) for acquisition of further stake in one of its existing subsidiaries HEM Infrastructure and Property Developers (HEM Infrastructure).

Peninsula Land is a holding company engaged in construction business. The company is engaged in the business of real estate development. Its segments include Realty, Renting and Others.

Related Peninsula Land Ltd. Links:

Peninsula Land Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323