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Choice Infra Ventures surges on getting nod to sell stake in Choice Realty

13 Feb 2013 Evaluate

Choice Infra Ventures is currently trading at Rs. 75.70, up by 0.85 points or 1.14% from its previous closing of Rs. 74.85 on the BSE.

The scrip opened at Rs. 75.80 and has touched a high and low of Rs. 75.90 and Rs. 75.50 respectively. So far 19366 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 83.05 on 03-Jan-2013 and a 52 week low of Rs. 22.10 on 28-Apr-2012.

Last one week high and low of the scrip stood at Rs. 75.90 and Rs. 67.00 respectively. The current market cap of the company is Rs. 114.52 crore.

The promoters holding in the company stood at 34.76% while Non-Institutions held 65.24% stake in the company.

Choice Infra Ventures has received an approval to sell off its stake in subsidiary, Choice Realty. The board at its meeting held on February 12, 2013 has approved for the same. The board has also authorized the Managing Director of the company to negotiate and execute the deal.

The company's interest is spread across telecom integration, networking and business process outsourcing.

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