KBC Global board to meet on April 29, to consider possibility of entering into mining business

27 Apr 2022 , 10:28 AM

KBC Global Ltd. is a leading player in the affordable and mid-income housing segment has informed Exchanges that a meeting of the Board of Directors is scheduled to be held on April 29, 2022 to consider and discuss the possibility of entering into the mining business internationally, and discuss the opportunities available in Africa for acquisition or Joint venture of mines.

Recently last week, Singapore based fund Maybank Kim Eng Securities Pte ltd picked up a stake in the company of 35 lakh shares at Rs9.99 per share as per bulk deal data available on NSE through bulk deal.

KBC Global Ltd is a First-Generation Construction Company in Maharashtra and Western India with a disciplined and professional approach. 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.

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.

The stock is currently trading at Rs8.85 on the BSE. The scrip opened at Rs9.27 and has touched a high and low of Rs9.31 and Rs8.76 respectively.