Eldeco Housing & Industries soars on entering into SPA to acquire 17% equity capital of Omni Farms

Eldeco Housing & Industries is currently trading at Rs. 1501.00, up by 50.45 points or 3.48% from its previous closing of Rs. 1450.55 on the BSE.

The scrip opened at Rs. 1580.00 and has touched a high and low of Rs. 1580.00 and Rs. 1500.00 respectively. So far 126 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 2300.00 on 09-Aug-2019 and a 52 week low of Rs. 1332.05 on 08-May-2019.

Last one week high and low of the scrip stood at Rs. 1580.00 and Rs. 1426.05 respectively. The current market cap of the company is Rs. 295.19 crore.

The promoters holding in the company stood at 54.83%, while Non-Institutions held 45.17% stake in the company.

Eldeco Housing & Industries has entered into a Share Purchase Agreement (SPA) to acquire 17% of the total equity capital of Omni Farms (Omni Farms) for Rs 660 lakh, in which the company was already holding 83% equity stake.

Eldeco Housing & Industries has a presence in all the major real estate classes - multi-storey group housing, residential townships, shopping malls, industrial parks, SEZs, office buildings and hotels.

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