Shares of GHV Infra Tasks Ltd had been locked at a 2% decrease circuit on 22 August regardless of the corporate asserting securing a venture price Rs 2,000 crore.
The corporate has obtained a Letter of Intent (LOI) from Valor Property to function the engineering, procurement, and building accomplice for the PAP & Police Housing Challenge in Malad (East), Mumbai.
The venture has an preliminary price range of Rs 2,000 crore and a goal completion date of 60 months from begin.
Earlier this month, the corporate obtained a deal for Rs 2,645 crore from Rana Exim FZ-LLC within the UAE for the institution of a wise manufacturing hub.
The engineering, procurement, and building (EPC) contract is for the event of the Erisha Good Manufacturing Hub, which can embody industrial and industrial buildings within the UAE’s Ras Al Khaimah Financial Zone.
Final month, the agency board authorised the issuance of bonus shares to present shareholders in a 3:2 ratio, which implies three absolutely paid-up fairness shares for each two shares owned.
The board additionally authorised a inventory break up of fairness shares within the ratio of two:1, which implies two fairness shares of Rs 5 for each one fairness share of Rs 10.
At 12:22 pm, the shares of GHV infra Tasks had been locked 2% decrease at Rs 1,544.90 on NSE.
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