Crest Ventures acquires 76,686 equity shares in Classic Mall development

India Infoline News Service | Mumbai | September 12, 2017 10:37 IST

Crest Ventures informed that it has acquired 76,686 equity shares held by Fuhse River Limited in Classic Mall Development Company Private Limited, its associate company, at a consideration of Rs 13.68 crore.

Crest Ventures informed that it has acquired 76,686 equity shares held by Fuhse River Limited in Classic Mall Development Company Private Limited, its associate company, at a consideration of Rs 13.68 crore.
 
Subsequent to the above acquisition, the equity shareholding of CVL (including the investment held by the wholly-owned subsidiary) in CMDCPL has increased from 49% to 50%, said the company in a BSE filing on Monday post market hours.
 
The stock of Crest Ventures was trading at 174.60 per share, down by Rs 0.50 or 0.29% as at 1018 hours on Tuesday, on the BSE. The stock hit an intraday high and low of Rs 175.10 and Rs 173.05 per share, respectively.
 
The stock attracted a traded volume of 601 shares and traded value of Rs 1.08 lakh on the NSE. The company had hit its 52-week high of Rs 214 per share on July 24, 2017, and 52-week low of Rs 55.55 per share on September 30, 2016, on the NSE.
 
Crest Ventures Limited, formerly Sharyans Resources Limited, is a non-banking financial company (NBFC). The company is engaged in the acquisition of securities. The company is also engaged in real estate and related activities. 

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