Small-cap infra inventory: RDB Infrastructure and Energy’s (beforehand referred to as RDB Realty & Infrastructure) board of administrators on Tuesday, March 4, authorized the sale of a non-agricultural land which the corporate had on lease value ₹60 crore, in accordance with the trade submitting.
In keeping with the BSE submitting, the corporate has a 10667.52 sq metre land on lease situated inside the limits of Surat Municipal Company, Taluka Surat Metropolis.
“We want to inform you that the Board of Administrators of the Firm at their assembly held on the Tuesday, the 04th day of March, 2025, has authorized the sale of the non-agricultural land of the Firm, held on lease, admeasuring 10667.52 sq. mtrs carved out from Closing Plot No. 98, of City Planning Scheme No.7 (Anjana) located inside the limits of Surat Municipal Company, Taluka Surat Metropolis, District Surat,” mentioned the corporate within the submitting.
The corporate additionally disclosed that the transaction is topic to the fulfilment of the completion phrases and situations specified with the transaction paperwork which incorporates an settlement of sale between the client and the vendor.
RDB Infrastructure and Energy Share Worth
RDB Infrastructure and Energy shares closed 3.03 per cent decrease at ₹54.38 after Tuesday’s inventory market session, in comparison with ₹56.08 on the earlier market shut. The announcement of the sale of the non-agricultural land was introduced after market working hours on March 4.
RDB Infrastructure and Energy shares have given inventory market traders practically 2,800 per cent returns within the final 5 years and over 260 per cent returns within the final one-year interval. The inventory is buying and selling 9.66 per cent larger on a year-to-date (YTD) foundation in 2025.
The shares of RDB Infrastructure and Energy hit their 52-week excessive ranges at ₹61.27 on December 10, 2024, whereas the 52-week low stage was at ₹11.59 on March 28, 2024, in accordance with BSE knowledge.
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