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Kridhan Infra soars on acquiring additional 5.36% stake in VNC

26 Mar 2018 Evaluate

Kridhan Infra is currently trading at Rs. 103.55, up by 1.60 points or 1.57% from its previous closing of Rs. 101.95 on the BSE.

The scrip opened at Rs. 102.15 and has touched a high and low of Rs. 104.55 and Rs. 99.50 respectively. So far 45165 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.00 on 05-Jan-2018 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. 111.80 and Rs. 96.55 respectively. The current market cap of the company is Rs. 980.02 crore.

The promoters holding in the company stood at 51.19%, while Institutions and Non-Institutions held 16.54% and 32.27% respectively.

Kridhan Infra (KIL) has acquired an additional 5.36% stake in Vijay Nirman Company (VNC). As a part of this transaction, VNC has allotted 14,99,475 fresh equity shares to KIL. Post this transaction, KIL holding in VNC has increased to 36.86%.

The company had signed an SSA for increasing its stake to 50.5% and this transaction is a part of that agreement.

Kridhan Infra is an ISO 9001:2008 certified infrastructure solutions company. Established in 2006 with headquarters in Mumbai, Kridhan Infra is one of the pioneers in introducing the concept of ready to use steel for the construction industry in the country.

Kridhan Infra Share Price

2.78 -0.06 (-2.11%)
29-Jun-2026 12:26 View Price Chart
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