Brigade Enterprises Limited acquires 4.53% in BCV Developers Pvt Ltd

Brigade Enterprises Limited has acquired additional stake of 4.53% 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 62.51% to 67.04% in BCV Developers Private Limited.

BCV Developers Private Limited is developing a 135 plus acres smart township at Devanahalli, Bangalore with a potential development of 6 million square feet out of which 4.50 million square feet has already been developed.

The cost of acquisition is Rs. 7,32,93,704/- (Rupees seven crores thirty-two lakhs ninety-three thousand seven hundred and four only)

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 877.05 as compared to the previous close of Rs. 895.65. The total number of shares traded during the day was 16259 in over 2022 trades.

The stock hit an intraday high of Rs. 902.20 and intraday low of 875.55. The net turnover during the day was Rs. 14380902.00.

Source : Equity Bulls

Keywords

BrigadeEnterprises INE791I01019 StakeIncrease BCVDevelopers