Atlanta inches up on subsidiary's plan of setting up entertainment city in Gujarat

23 Nov 2011

Atlanta is currently trading at Rs 59.35, up by 0.30 points or 0.51% from its previous closing of Rs 59.05 on the BSE.

The scrip opened at Rs 59.10 and has touched a high and low of Rs 59.50 and Rs 58.10 respectively. So far 10522 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 133.15 on 19-Apr-2011 and a 52 week low of Rs 51.00 on 22-Nov-2011.

Last one week high and low of the scrip stood at Rs 61.70 and Rs 51.00 respectively. The current market cap of the company is Rs 481.26 crore.

The promoters holding in the company stood at 73.65 % while Institutions and Non-Institutions held 2.98 % and 23.36 % respectively.

Atlanta’s subsidiary - Atlanta Tourism Venture has received an in-principle approval from Government of Gujarat for setting up eco friendly one stop destination entertainment city at Suvali, Surat District. The land is owned by the Gujarat Government and is offered to the company for setting up the above said project on sale basis.

Earlier on January 12, 2011, Atlanta Tourism Ventures had signed a memorandum of understanding for setting up the above project.

Atlanta is a leading infrastructure company with proven track records of over three decades of experience in engineering, procurement, construction (EPC) and realty. It has presence in three of the country’s fastest growing segments -- infrastructure development, mining and realty.

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