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Realty stock hits 5% upper circuit after it announces 1:10 stock split

Realty stock approved a stock split, converting ₹10 shares into 10 ₹1 shares, pending member approval. Record date and capital clause changes will follow a Postal Ballot e-voting process.
Realty stock announces ₹10 to ₹1 stock split, pending member approval via Postal Ballot e-voting process.

Introduction:

Realty stock announced a stock split, dividing each ₹10 equity share into 10 ₹1 shares, subject to member approval. The record date and required changes to the capital clause will be finalized after a Postal Ballot e-voting process.

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Share Price movement of RDB Realty & Infrastructure Ltd:

On December 5, 2024, RDB Realty & Infrastructure Ltd (BSE : RDBRIL) share price rose 5%, closing at ₹558.00, up from the previous close of ₹535.05. The stock opened at ₹553.00, reached an intraday high of ₹560.00, and a low of ₹520.00, with a market capitalization of ₹964.41 crore.

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RDB Realty & Infrastructure Ltd Share price rise:

RDB Realty & Infrastructure Ltd, in its Board Meeting on December 5, 2024, approved a stock split. Each equity share with a face value of ₹10 will be subdivided into 10 shares with a face value of ₹1, subject to member approval.

The record date for the stock split will be decided post-member approval through a Postal Ballot e-voting process. Shareholders as of the cut-off date, December 6, 2024, will receive postal ballot notices and instructions via registered email addresses.

The Board also approved altering the capital clause in the Memorandum of Association to reflect the stock split. These changes are subject to approval by members and will align with the company’s updated capital structure.

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Recent news About RDB Realty & Infrastructure Ltd:

On November 30, 2024, RDB Realty & Infrastructure Ltd announced plans to expand its residential projects in Tier-II cities, focusing on affordable housing. This initiative aligns with the company’s strategy to address growing demand and strengthen its presence in emerging markets.

Ace investor holding of RDB Realty & Infrastructure Ltd:

Ace investor Umesh Parasmal Pagariya holds a 2.52% stake in RDB Realty & Infrastructure Ltd, owning 434,872 shares valued at ₹24.3 crore at the current price of ₹558, reflecting confidence in the company’s growth potential and market position.

Stock performance of RDB Realty & Infrastructure Ltd for Period of 1 week, 6 months and 1 year:

RDB Realty & Infrastructure Ltd has showcased impressive stock performance. Over the past week, it gained 9.84%. In six months, the stock surged 241%, and over the past year, it delivered an extraordinary return of 745%, reflecting strong investor confidence.

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Shareholding pattern of RDB Realty & Infrastructure Ltd:

SummaryNov 27, 2024Sep-24Jun-24
Promoter 70.40%70.40%70.40%
FII0%0%0%
DII 0%0%0%
Public29.60%29.60%29.60%

About RDB Realty & Infrastructure Ltd:

RDB Realty & Infrastructure Ltd is a leading real estate company engaged in developing residential, commercial, and industrial projects. Focused on innovation and quality, it delivers sustainable infrastructure solutions, catering to diverse customer needs with reliability and excellence.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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