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Vascon Engineers trades in green on completing acquisition of 92% stake in RSDPL

18 Feb 2022 Evaluate

Vascon Engineers is currently trading at Rs. 26.55, up by 0.10 points or 0.38% from its previous closing of Rs. 26.45 on the BSE.

The scrip opened at Rs. 26.60 and has touched a high and low of Rs. 27.10 and Rs. 26.45 respectively. So far 23955 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 36.70 on 12-Jan-2022 and a 52 week low of Rs. 15.25 on 11-May-2021.

Last one week high and low of the scrip stood at Rs. 28.85 and Rs. 26.35 respectively. The current market cap of the company is Rs. 576.98 crore.

The promoters holding in the company stood at 31.99%, while Institutions and Non-Institutions held 0.03% and 67.99% respectively.

Vascon Engineers (VEL) has completed the acquisition of 92% shareholding in River Shore Developers (RSDPL) from Royal Orchid Hotels (ROHL). Remaining 8% shareholding in RSDPL has been acquired by R Vasudevan, HUF. Thus, RSDPL has now become a subsidiary of the company.

Vascon Engineers is one of the foremost listed real estate companies headquartered in Pune with over 30 years of experience delivering 200+ projects spanning over 50 million square feet of landmark developments across residential, industrial, IT parks, malls and multiplexes, hospitality and community welfare centers.

Peers
Company Name CMP
Larsen & Toubro 3860.00
Kalpataru Projects 1447.10
NCC 137.00
Rail Vikas Nigam 210.30
KEC International 402.50
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