Man Infraconstruction hits 52-week high post incorporation of new subsidiary MICL Creators

The company has incorporated a subsidiary for carrying out the business of real estate and other related activities.

Jul 06, 2021 11:07 IST India Infoline News Service

Man Infraconstruction Limited has incorporated a subsidiary in the name of MICL Creators LLP on July 2, 2021. The company acquired the shares at Rs99,990/- being 99.99% of the partnership interest in MICL Creators LLP having a capital contribution of Rs1 Lakh.

“The company has incorporated a subsidiary for carrying out the business of real estate and other related activities,” Man Infraconstruction said in a filing on Monday.

Man Infraconstruction Ltd hit a 52-week high of Rs65.25 per piece on the BSE. At around 11.22 am, the company stock was trading at Rs63.80 per piece up by Rs1.5 or 2.41% from its previous closing of Rs62.30 per piece on the BSE.

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