Eldeco Housing -; Industries incorporates two wholly-owned subsidiaries; Stock jumps 3%

Eldeco Housing & Industries Ltd has announced the incorporation of Wholly Owned Subsidiary Companies namely Proficiency Real Estate Private Limited and Ascendancy Constructions Private Limited.

According to the regulatory filing, both the companies are incorporated as wholly-owned subsidiaries to carry out the real estate activities.

Further, Proficiency Real Estate has been incorporated on July 01, 2022 while Ascendancy Constructions  has been incorporated on July 05,2022.

At around 12:10 PM, Eldeco Housing & Industries was trading at Rs557 per share up by Rs15.9 or 2.94% from its previous closing of Rs541.10 per share on the BSE.