Max Heights Infrastructure divests 59.99% stake in subsidiary company

The subsidiary has recorded revenue of Rs1.16cr for the financial year 2020-21.

Oct 14, 2021 10:10 IST India Infoline News Service

Financial Graph
Max Heights Infrastructure Ltd has informed that it has disposed off its stake of 11,99,800 shares constituting 59.99% at the rate of Rs12.50/- held  in Maxheights Realtors Limited (subsidiary company) on October 12, 2021.

The subsidiary has recorded revenue of Rs1.16cr for the financial year 2020-21.

Naveen Narang, Managing Director and Mansi Narang, Non-Executive Director of Max Heights Infrastructure are the buyers of the entity.

On Wednesday, Max Heights Infrastructure ended flat at Rs14.50 apiece while for Thursday's session, the scrip is yet to start trading on the Sensex.

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