KBC Global stock rises over 2% as Maybank Kim Eng picks stake

22 Apr 2022 , 10:00 AM

According to the bulk deal data on NSE and BSE, Singapore based fund Maybank Kim Eng Securities Pte ltd on Wednesday has picked up stake in KBC Global Ltd. of 35 lakh shares at Rs9.99 per share.

Further, in the bulk deal data available on NSE on April 19, Rama Krishna Varma Pemetsa had picked up 37 lakh shares at Rs9.75.

KBC Global Ltd. is a leading player in the affordable and mid-income housing segment. KBC Global Ltd is a First-Generation Construction Company. The company has established brand name as “Hari” for all its project.

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

The company also participated at CREDAI Nashik Property Expo 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.

Reacting to this news, shares of the company rose over 2% at Rs275.40 up by Rs9.92 from its previous closing of Rs9.71 on the BSE. The scrip opened at Rs9.99 and has touched a high and low of Rs10.07 and Rs9.66 respectively.