MVL moves up on getting board’s nod for scheme of amalgamation
MVL, the leading real estate developer in the northern India, has received its board’s nod for the scheme of amalgamation during the meeting held on February 6.
The scrip is currently trading at Rs 62 per share, up 1.40 points or 2.31% on the BSE
The stock opened at Rs 61 compared to its previous close of Rs 60.60. Intraday, the counter has touched a high and a low of Rs 62 and Rs 60 respectively.
So far, 2667 shares of the company were traded on the BSE.
The stock of the face value of Rs 2 touched its 52-week high of Rs 69.20 on November 17, 2009 and a 52-week low of Rs 8.40 on March 19, 2009.
The promoters holding in the company as per December 2009 quarter stood at 67.60%, FIIs held 1.14%, DIIs held 0.30%, while others were holding 30.96% in the company.
The said scheme provides for the merger of Balaji Tirupati Buildcon and Global Digital Technologies with the company.
MVL has a presence in the residential, township, commercial, retail and hospitality verticals.
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