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Man Infraconstruction acquires 49% stake in Man Projects

31 Mar 2023 Evaluate

Man Infraconstruction has acquired 2,45,000 equity shares (representing 49% of the paid up equity share capital) of Man Projects (MPL) and accordingly, MPL has become wholly owned subsidiary of the Company with effective from March 29, 2023. The cost of acquisition is Rs 1.56 crore.

Man Infraconstruction is an India-based company engaged in the business of civil construction. The company’s operations consist of construction / project activities/real estate activities.

Peers
Company Name CMP
Larsen & Toubro 3699.00
Kalpataru Projects 1456.60
NCC 126.90
Rail Vikas Nigam 196.00
KEC International 362.35
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