RDB Infrastructure and Power is engaged primarily in the business of real estate construction, development and other related activities.
Mumbai: Shares of a smallcap infra company RDB Infrastructure and Power are in focus today as the company has informed exchanges about a land deal. The company said in a filing that it has sold a non-agricultural leasehold land in Surat to Samprati Buildcon Private for a lumpsum consideration of Rs 60,00,00,000.
“The approved slump sale pertains to the sale of the Company’s non-agricultural leasehold land, admeasuring 10667.52 sq. mtrs, carved out from Final Plot No. 98, of Town Planning Scheme No.7 (Anjana), situated within the limits of Surat Municipal Corporation, Taluka Surat City, District Surat,” the filing said.
RDB Infrastructure and Power is engaged primarily in the business of real estate construction, development and other related activities.
Earlier, equity benchmark indices were trading flat in early trade on Wednesday amid sluggish global market trends due to rising US-China trade tensions.
After two days of sharp rally, the 30-share BSE benchmark Sensex declined 165.3 points to 76,569.59 in early trade. The NSE Nifty dipped 51.55 points to 23,277.
From the Sensex firms, Maruti, Sun Pharma, NTPC, Tata Steel, Reliance and Infosys were the biggest laggards.
IndusInd Bank, Axis Bank, State Bank of India and Kotak Mahindra Bank were among the gainers.
In Asian markets, South Korea’s Kospi index, Tokyo’s Nikkei 225, Shanghai SSE Composite index and Hong Kong’s Hang Seng were quoting lower.
US markets ended in negative territory on Tuesday.
