Dilip Buildcon Ltd to sell 26% stake in subsidiaries

Dilip Buildcon Limited ("Company") has entered into agreement for sale of 26% stake in its wholly owned subsidiary companies viz. (1) Dodaballapur Hoskote Highways Limited, (2) Dhrol Bhadra Highways Limited and (3) Repallewada Highways Limited, held by the Company (in the form of Equity Shares and NCDs (NCDs are only in respect of Dhrol Bhadra Highways Limited and Repallewada Highways Limited) to Alpha Alternatives Holdings Private Limited.

Shares of Dilip Buildcon Limited was last trading in BSE at Rs. 456.85 as compared to the previous close of Rs. 425.15. The total number of shares traded during the day was 123362 in over 3892 trades.

The stock hit an intraday high of Rs. 469.00 and intraday low of 428.05. The net turnover during the day was Rs. 56375045.00.

Source : Equity Bulls

Keywords

DilipBuildcon INE917M01012 DBL StakeSale Subsidiaries AlphaAlternativesHoldings