RDB Infrastructure and Power, now listed as RDB Realty & Infrastructure on the public exchanges, has emerged as a multibagger stock, providing investors with remarkable profits in just a few years. Investing ₹1 lakh in the stock four years ago has resulted in an almost 30-fold increase to ₹30 lakh now. RDB Realty & Infrastructure stock today trades at ₹516, up from ₹17.25 four years ago, representing considerable gains for investors.
On Thursday, RDB Realty & Infrastructure shares began at ₹529.95 on the BSE, slightly higher than their previous closing price of ₹519.80. The stock rocketed to a day's high of ₹545.75, a 5% gain. This was also the stock's upper price band, resulting in an upper circuit before profit-taking started. RDB Realty & Infrastructure's share price reached a day low of ₹516.05.
RDB Realty & Infrastructure recently announced a 1:10 stock split, dividing one equity share for ₹10 into 10 fully paid-up equity shares of Re1. The stock split aims to stimulate greater involvement from small investors and increase the liquidity of its shares.
The company also informed the bourses that the Ministry of Corporate Affairs has issued a new Certificate of Incorporation in light of the change. As a result, all companies that were subsidiaries/associates of RDB Realty & Infrastructure Limited have now become subsidiaries/associates of RDB Real Estate Constructions, effective October 1, 2022.
The acquired company, Gupta Infrastructure (India) Private Limited, has been transferred to the resulting company, RDB Real Estate Constructions, as a subsidiary company, with the name change from RDB Realty & Infrastructure to RDB Infrastructure and Power effective December 4, 2024.
In another development, the company informed bourses on December 24 that the National Company Law Tribunal (NCLT) Kolkata Bench had approved the Scheme of Arrangement between M/s RDB Realty & Infrastructure Limited (now known as RDB Infrastructure and Power Limited) and M/s RDB Real Estate Constructions Limited for the demerger of the Company's Realty Division through transfer and vesting in the resulting company.
As a result, all of the firms that were previously subsidiaries/associates of RDB Realty & Infrastructure Limited are now subsidiaries/associates of RDB Real Estate Constructions, effective October 1, 2022. The acquired company, Gupta Infrastructure (India) Private Limited, has been transferred to the resulting business, RDB Real Estate Constructions, as a subsidiary, it stated.
