Man Infraconstruction Boosts Real Estate Ventures with Major Acquisition
Man Infraconstruction's share price climbed 1.5% after the company acquired an additional 23% stake in its subsidiary, Starcrete LLP, for ₹23,75,000. This move elevates Man Infraconstruction's overall ownership to 98%, focusing on EPC and real estate projects.
Man InfraconstructionReal EstateAcquisitionShare PriceStarcrete LlpReal EstateSep 02, 2025
The firm stated, “The transaction falls within the purview of related party transactions pursuant to provisions of the SEBI Listing Regulations as Starcrete LLP is the subsidiary of Company. The promoter and promoter group have no interest in the above entity, except Mr. Manan Shah, Managing Director of the Company, is representing the Company as Designated Partner in the LLP.”
After the acquisition, the primary business focus of Starcrete LLP has shifted. Formerly concentrated on producing and trading construction materials like ready-mix concrete, the LLP will now engage in EPC (Engineering, Procurement, and Construction) and real estate ventures. The fixed capital investment of Starcrete LLP has been raised from ₹1,00,000 to ₹25,00,000. This strategic shift aligns the operations of Starcrete LLP more closely with those of Man Infraconstruction, which also functions in the EPC and real estate industries.
Man Infraconstruction share price today opened at ₹160 apiece on the BSE. The stock touched an intraday high of ₹162.45 per share and an intraday low of ₹159.20 apiece. According to Ruchit Jain, VP - Equity Technical Research at Motilal Oswal Financial Services Ltd, Man Infraconstruction share price is in a consolidation phase and is expected to trade rangebound in the near term. The immediate support for the stock is placed around ₹153, while resistance is seen around ₹170.
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Frequently Asked Questions
What is the significance of Man Infraconstruction's acquisition of Starcrete LLP?
The acquisition elevates Man Infraconstruction's overall ownership in Starcrete LLP to 98%, aligning the subsidiary's operations more closely with the parent company's focus on EPC and real estate projects.
How has the primary business focus of Starcrete LLP changed after the acquisition?
Starcrete LLP has shifted from producing and trading construction materials to engaging in EPC (Engineering, Procurement, and Construction) and real estate ventures.
What is the current share price of Man Infraconstruction?
Man Infraconstruction's share price opened at ₹160 apiece on the BSE, touching an intraday high of ₹162.45 and an intraday low of ₹159.20.
What are the immediate support and resistance levels for Man Infraconstruction's share price?
The immediate support for Man Infraconstruction's share price is around ₹153, while resistance is seen around ₹170.
What is the strategic shift in Starcrete LLP's capital investment?
The fixed capital investment of Starcrete LLP has been raised from ₹1,00,000 to ₹25,00,000, aligning its operations more closely with Man Infraconstruction's focus on EPC and real estate.
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