Omaxe incorporates Omaxe New Amritsar Developers as wholly-owned subsidiary; Stock down 2%

26 Jul 2022 , 11:18 AM

Omaxe Limited has inform that the Company has incorporated a Wholly-Owned Subsidiary in the name of M/s Omaxe New Amritsar Developers Private Limited vide Certificate of Incorporation dated July 23, 2022. 

As per the filing, the objective of  incorporation is Construction & Real Estate Activities. However, M/s Omaxe New Amritsar Developers Private Limited is yet to commence its business operations as it  is newly incorporated on July 22, 2022.

At around 11:19 AM, Omaxe was trading at Rs106.15 per share down by Rs2.2 or 2.03% from its previous closing of Rs108.35 per share on the BSE.

The scrip opened at Rs108.45 and has touched a high and low of Rs109.10 and Rs106 respectively so far today. The current market cap of the company is Rs1,981.72 crore.