24 Feb 2025

Kesar India Shares Rise, Acquires 51% Stake in Kesar Maitreya Realities

Kesar India is currently trading at RS 647.00, up by 4.90 points or 0.76% from its previous closing of RS 642.10 on the BSE.

The stock opened at RS 667.00 and has recorded a high of RS 667.00 and a low of RS 624.00 so far. A total of 1,200 shares have been traded on the counter.

The BSE group 'M' stock, with a face value of RS 10, reached a 52-week high of RS 1,143.25 on September 30, 2024, and a 52-week low of RS 332.00 on April 16, 2024. Over the last week, the stock's high and low stood at RS 714.50 and RS 624.00, respectively. The company's current market capitalization is RS 1,648.34 crore.

The promoter holding in the company stands at 74.99%, while institutional and non-institutional investors hold 18.46% and 6.54%, respectively.

In a strategic move, Kesar India has acquired a 51% stake in Kesar Maitreya Realities, a partnership firm incorporated on February 21, 2025. The firm will focus on real estate development, including layout projects, construction of row houses, villas, bungalows, and plot development. This acquisition aims to diversify Kesar India's business into construction and real estate activities.

Kesar India is primarily engaged in developing and constructing residential and commercial projects, including industrial buildings, colonies, mills, factories, and workshops.