Realty Stock Looking To Improve Its Liquidity Via 10:1 Stock Split; Do You Own?

RDB Infrastructure and Power Ltd, which was previously called RDB Realty & Infrastructure Ltd, saw significant movement in its share price on Thursday. On Wednesday, shares of infrastructure and power company RDB Infrastructure and Power Ltd jumped around 4 per cent to an intraday high of Rs 573.95 per share today from its previous closing of Rs 546.65 per share. The stock's 52-week high is Rs 612.65 and its 52-week low is Rs 81.50. The company has a market cap of around Rs 967.87 crore with multibagger returns of 2,729 percent in 5 years.

The price movement is also happening in the context of the company's share prices declining over the recent announcement made by M/s RDB Real Estate Constructions Limited of the Scheme of Arrangement as approved by NCLT, Kolkata Bench on 24th December 2024. Under this scheme, the Realty division situated at the RDB Bangalore office was transferred with effect from 1st October 2022 to M/s RDB Real Estate Constructions Limited. As a result, all subsidiaries and associate companies under the old RDB group, including Gupta Infrastructure (India) Private Limited, have been shifted to the new company.

Moreover, RDB Infrastructure and Power Ltd has made an announcement for a 10:1 stock split in order to improve share liquidity and widen the investor base. The split will convert one equity share of face value Rs 10 into ten equity shares with a face value of Rs 1 each. This proposal shall be placed before Shareholders through an e-voting postal ballot process and thereafter record date for the said split would be declared.

The company has handed out stellar performances, giving multibagger returns to its investors. The share price has increased by around 30 times in the last four years, increasing from Rs 17.25 in 2020 to Rs 516 at this moment. The promoter group has a significant 70.42% holding, while the public has a balance of 29.58%, with the market cap above Rs 900 crore.

RDB Infrastructure and Power Ltd established in the year 1981 is one of the prominent real estate companies in India, engaged in the development of high quality residential and commercial properties. The company has locations in Kolkata, Mumbai and Hyderabad and its portfolio covers high-rise apartments, integrated townships, offices, and shopping malls.

RDB Infra and Power Ltd is committed to quality and new advancements focusing on providing excellent living and working conditions. The company is well established in the Indian real estate market due to its emphasis on providing customer satisfaction with the help of sustainable development practices.

The company has undertaken a stock split and a demerger and this should enhance the company's market position and allow for a broader investment outreach which would ensure positive growth and value addition for all stakeholders.