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Vascon Engineers sells 50% stake in Cosmos Premises

18 Feb 2022 Evaluate

Vascon Engineers (VEL) has sold its 43.34% shareholding held in Cosmos Premises (CPPL), an Associate Entity, to Royal Orchid Hotels, along with 6.66% shareholding in CPPL held by certain promoter’s related persons/ entities. CPPL thus ceases to be an associate company of VEL.

Vascon Engineers is one of the leading Construction Engineering Company in India with presence in Real Estate business having an asset light model and Clean Room Partition manufacturing business.

Peers
Company Name CMP
Larsen & Toubro 3836.40
Kalpataru Projects 1354.40
NCC 118.25
Rail Vikas Nigam 186.10
KEC International 344.05
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