Nine Paradise Erectors Pvt Ltd acquires additional equity in Horizontal Ventures Pvt Ltd

Nine Paradise Erectors Private Limited ("NPEPL", a wholly owned subsidiary of Valor Estate Limited (Formerly known as D B Realty Limited)) holding 62.85% equity shares in Horizontal Ventures Private Limited ("HVPL", a stepdown subsidiary of the Company) has today acquired additional 30% equity shares of HVPL held by BD and P Hotels (India) Private Limited, another subsidiary of the Company. Thus, post acquisition of shares by NPEPL, the total equity shareholding of NPEPL in HVPL has increased to 92.85%.

Shares of Valor Estate Limited was last trading in BSE at Rs. 196.70 as compared to the previous close of Rs. 199.25. The total number of shares traded during the day was 303419 in over 3147 trades.

The stock hit an intraday high of Rs. 203.20 and intraday low of 194.50. The net turnover during the day was Rs. 60424096.00.

Source : Equity Bulls

Keywords

ValorEstate INE879I01012 Realty StakeIncrease NineParadiseErectors HorizontalVentures