Brigade Tetrarch Private Limited, a wholly owned subsidiary of Brigade Enterprises Limited has entered into a sale deed today for acquiring 5 Acres 35.25 guntas of land parcel located at Venkatala Village, Yelahanka Hobli, Bangalore North Taluk, Bangalore for an overall consideration of Rs. 123,50,62,500/- (Rupees One Hundred and Twenty Three Crores Fifty Lakhs Sixty Two Thousand Five Hundred Only) from Bangalore Ceramics.
We will be developing a residential project on this land parcel with an overall development of nearly one million square feet with an overall revenue potential of around Rs. 800 crores.
Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 618.45 as compared to the previous close of Rs. 617.60. The total number of shares traded during the day was 6047 in over 618 trades.
The stock hit an intraday high of Rs. 621.30 and intraday low of 608.40. The net turnover during the day was Rs. 3721413.00.