Multibagger stock RDB Infrastructure and Power: RDB Infrastructure and Power, listed in the stock market as RDB Realty and Infrastructure, has emerged as a multibagger stock, which has made its investors rich in a few years. The investment of Rs 1 lakh made on the company’s shares four years ago has reached Rs 30 lakh today. Four years ago the company’s stock price was just Rs 17.25, which is now trading at Rs 516. Investors are earning huge profits from this.
RDB shares showed great rise
Today RBD Realty shares opened on BSE at Rs 529.95, which was slightly higher than yesterday’s closing rate of Rs 519.80. After this, its share price jumped rapidly and reached its record level of Rs 545.75. This represents an increase of up to 5 percent. This was the upper end of the price band for the company’s shares. After this, during afternoon trading, the share price of RDB Realty and Infrastructure fell to the day’s low of Rs 516.05.
The company announced the distribution of shares
Earlier this month, RDB Realty and Infrastructure had also announced to distribute shares in the ratio of 1:10. That is, one equity share of face value Rs 10 has to be divided into 10 equity shares of face value Rs 1, which will be fully paid up. Through distribution of shares, the objective of the company is to motivate small investors for investment and increase the liquidity of shares. The company also informed the stock market that the Ministry of Corporate Affairs has issued a fresh certificate of incorporation after changing its name from RDB Realty and Infrastructure to RDB Infrastructure and Power with effect from December 4, 2024.
Approval to separate the realty division of the company
The company also informed the stock market on December 24 that the National Company Law Tribunal (NCLT), Kolkata Bench has directed M/s RDB Realty and Infrastructure Limited (now known as RDB Infrastructure and Power Limited) and M/s RDB Real Approval has been given to separate the realty division of the company between Estate Construction Limited. In this way, all those companies which were subsidiaries of RDB Realty and Infrastructure Limited, have now become subsidiaries of RDB Real Estate Construction with effect from October 01, 2022.
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