D B Realty trades higher as its arm enters into joint venture with Godrej Properties

26 Dec 2022 Evaluate

D B Realty is currently trading at Rs. 88.60, up by 1.30 points or 1.49% from its previous closing of Rs. 87.30 on the BSE.

The scrip opened at Rs. 83.55 and has touched a high and low of Rs. 88.75 and Rs. 83.55 respectively. So far 111226 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 139.45 on 23-Sep-2022 and a 52 week low of Rs. 41.30 on 24-Dec-2021.

Last one week high and low of the scrip stood at Rs. 105.60 and Rs. 83.55 respectively. The current market cap of the company is Rs. 3027.22 crore.

The promoters holding in the company stood at 58.14%, while Institutions and Non-Institutions held 2.47% and 39.38% respectively.

D B Realty’s wholly owned subsidiary -- Neelkamal Realtors Tower (NRTPL) has entered into a joint venture with Godrej Properties (GPL) for development of land/ property being all the piece and parcel of land admeasuring 19,434 sq. mtrs. or thereabouts bearing Cadastral Survey No. 1906 of Byculla Division, E-Ward, Mumbai. In this context, NRTPL has executed Deed of Conveyance in favour of Godrej Residency (GRPL) on December 23, 2022 for sale of NRTPL’s Land for a consideration as agreed therein. The project will be developed by GRPL, wherein NRTPL will hold 49.99% and the balance 50.01% will be held by Godrej Properties.

D B Realty is a real estate development company that focuses on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment, in and around Mumbai.

Valor Estate Share Price

160.00 2.65 (1.68%)
22-Nov-2024 16:59 View Price Chart
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