Man Infraconstruction Ltd., based in Mumbai, has announced the formation of a real estate joint venture named MICL Tigertail with its wholly-owned subsidiary MICL Global in Florida, US.
MICL Tigertail is a newly established entity, with MICL Global set to contribute approximately $2 million in capital, as disclosed in an exchange filing. Through its subsidiary MICL Global, Man Infraconstruction will hold a 50% stake in MICL Tigertail.
At the time of writing on July 2, 2024, at 4:33 pm, Shares of Man Infraconstruction Ltd. are trading at ₹196.35 which is a 0.72% gain from the previous close. The stock has gained a total of 70% in the last year, and a 10% dip since the beginning of the year.
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