Brigade Enterprises Limited has acquired additional stake of 12.50% in the equity shares of BCV Developers Private Limited, subsidiary of the Company from its existing shareholders who are Joint Venture Partners. Accordingly, the shareholding of the Company has been increased from 50.01% to 62.51% in BCV Developers Private Limited.
BCV Developers Private Limited is developing a 135 acres smart township at Devanahalli, Bangalore with a total development potential of 6 million square feet out of which 4.50 million square feet has already been developed.
The cost of acquisition is Rs. 20,21,17,963/- (Rupees twenty crores twenty one lakhs seventeen thousand nine hundred sixty three only).
Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 778.85 as compared to the previous close of Rs. 773.45. The total number of shares traded during the day was 4028 in over 367 trades.
The stock hit an intraday high of Rs. 785.00 and intraday low of 763.30. The net turnover during the day was Rs. 3113451.00.