HNI Rama Krishna Varma Penmetsa picks up stake in KBC Global

20 Apr 2022 , 12:33 PM

According to the bulk deal data available on NSE, HNI Rama Krishna Varma Picked up 37 lakh shares at Rs9.75 of KBC Global Ltd on Tuesday.

KBC Global Ltd is a leading player in the affordable and mid-income housing segment in its home turf Nashik, Maharashtra. Also it is a First-Generation Construction Company in Maharashtra and Western India. The company is founded and promoted by Mr. Naresh Karda in year 2007. Promoters has an experience of more than 25 years in construction industry. The company has established brand name as “Hari” for all its project.

The company’s business activity falls within two business segments — Development of Real Estate Properties and Civil Contracting Business.

Meanwhile, the stock is currently trading at Rs9.20 from its previous closing of Rs9.45 on the BSE. The scrip opened at Rs9.73 and has touched a high and low of Rs9.73 and Rs9 respectively.

Further, the company also had recently announced that the company had participated at CREDAI Nashik Property Expo organized by CREDAI Nashik Metro where it showcased 12 prominent project ranging from Affordable housing, Mid-segment and Luxury Housing across Nashik region and successfully converted 9+ bookings i.e. 1% spot conversion and additionally expecting more then 50+ to convert in near term from more than 1000+ enquiries for its projects.