Peninsula Land rises on entering into agreement to acquire indirect control over 4 SPVs

04 May 2018

Peninsula Land is currently trading at Rs. 24.30, up by 0.15 points or 0.62% from its previous closing of Rs. 24.15 on the BSE.

The scrip opened at Rs. 24.20 and has touched a high and low of Rs. 24.35 and Rs. 24.00 respectively. So far 4,873 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. 17.20 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 26.00 and Rs. 24.00 respectively. The current market cap of the company is Rs. 678.46 crore.

The promoters holding in the company stood at 55.37%, while Institutions and Non-Institutions held 11.06% and 33.57% respectively.

Peninsula Land has further entered into agreements for acquiring indirect control over the Special Purpose Vehicles (SPVs) namely - Goodhome Realty (GRL), Rockfirst Real Estate (RREL), RR Mega City Builders (RRMCBL) and Truewin Realty (TRL), through investment in the units of PReF Indigo Scheme floated by Peninsula Realty Fund (PRF).

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

7.00 -0.10 (-1.41%) May 07, 15:17
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323