Stock Report

Radhe Developers India Ltd board approves JV agreement, to acquire Hotel Business



Posted On : 2021-11-26 18:00:54( TIMEZONE : IST )

Radhe Developers India Ltd board approves JV agreement, to acquire Hotel Business

The Board of Radhe Developers India Ltd considered the need to enter into the Joint Venture Agreement with the M/s. Solitaire Realinfra Private Limited alongwith the M/s. Pary Developers Private Limited. The Board authorised Mr. Ashish Patel, Managing Director of the Company to finalise the terms and conditions of the Joint Venture Agreement. The Joint Venture Agreement is subject to the necessary due diligence as required. The Board also authorised Mr. Ashish Patel, Managing Director of the Company to do all acts and deeds that may be necessary for entering into Joint Venture Agreement.

In line with the objects of the Company, the Company is showing interest to acquire Hotel Business. The Company is making due diligence of the property and other aspects.

Shares of RADHE DEVELOPERS (INDIA) LTD. was last trading in BSE at Rs. 342.20 as compared to the previous close of Rs. 325.95. The total number of shares traded during the day was 144087 in over 3670 trades.

The stock hit an intraday high of Rs. 342.20 and intraday low of 332.60. The net turnover during the day was Rs. 49185774.00.

Source : Equity Bulls

Keywords

RADHEDEVELOPERSINDIALTD INE986B01036 RealEstate Realty JVAgreement HotelBusiness