Man Infraconstruction Share Price Jumps After Real Estate Acquisition
Man Infraconstruction's share price surged by nearly 3% on the BSE following the acquisition of an additional 25% stake in MICL TIGERTAIL LLC for $1 million. This move is expected to bolster the company's real estate development efforts.
Man InfraconstructionShare PriceReal EstateAcquisitionStock MarketReal EstateMay 28, 2025
The increase in Man Infraconstruction's share price was driven by the company's announcement of an acquisition. Through an exchange filing, Man Infraconstruction revealed that its wholly-owned subsidiary, MICL Global, INC., had acquired an additional 25% of the membership interest in MICL TIGERTAIL LLC for $1 million on May 27. This acquisition is aimed at advancing the company's real estate development business.
MICL TIGERTAIL LLC, incorporated in Miami, Florida, USA, in June 2024, focuses on real estate development. The company clarified that this acquisition was not a related-party transaction. MICL TIGERTAIL LLC is an associate of MICL Global, INC, a wholly-owned subsidiary of Man Infraconstruction.
"We wish to inform you that MICL TIGERTAIL LLC, an associate of MICL Global, INC, a wholly owned subsidiary of the company, has acquired an additional 25 per cent of the membership interest in the said LLC with effect from May 27, 2025," Man Infraconstruction stated in the exchange filing on May 28.
Despite recent gains, Man Infraconstruction's share price has faced pressure over the past year, losing nearly 16%. The stock hit a 52-week high of ₹262.50 on December 30 last year and a 52-week low of ₹135.05 on March 17 this year. On a monthly scale, the stock has shown positive trends since March, rising almost 7% in May so far, following a 3% gain in April and a half a per cent gain in March.
Man Infraconstruction, a leading infrastructure and real estate development company, has been focusing on strategic acquisitions to expand its portfolio and enhance its market position. The recent acquisition of additional stakes in MICL TIGERTAIL LLC is a step towards achieving these goals and strengthening the company's presence in the real estate sector.
Investors and market analysts are closely watching the developments at Man Infraconstruction, as the company continues to navigate the challenges and opportunities in the real estate and infrastructure sectors. The company's strategic moves are expected to play a crucial role in its future performance and shareholder value.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Frequently Asked Questions
What is the current share price of Man Infraconstruction?
As of the most recent trading session, Man Infraconstruction's share price was ₹163.45, a 1.77% increase from its previous close.
Why did Man Infraconstruction's share price rise?
The share price rose due to the company's acquisition of an additional 25% stake in MICL TIGERTAIL LLC for $1 million, aimed at enhancing its real estate development business.
What is MICL TIGERTAIL LLC?
MICL TIGERTAIL LLC is a real estate development company incorporated in Miami, Florida, USA, in June 2024. It is an associate of MICL Global, INC, a wholly-owned subsidiary of Man Infraconstruction.
How has Man Infraconstruction's share price performed over the past year?
Man Infraconstruction's share price has faced pressure over the past year, losing nearly 16%. It hit a 52-week high of ₹262.50 and a 52-week low of ₹135.05.
What is Man Infraconstruction's strategy for growth?
Man Infraconstruction's strategy includes strategic acquisitions and focus on real estate development to expand its portfolio and enhance its market position.
Related News Articles
Dharavi NGOs Back State-Led Tenant Survey to Pave Way for Redevelopment
Dharavi NGOs support the Maharashtra government's tenant survey to facilitate the long-pending Dharavi redevelopment project. The survey aims to document the details of the residents and structures in the area.
Protecting Your Home and Business from Rising Flood Risks: A Comprehensive Guide
Learn how to safeguard your property and assets from flood damage with the right insurance policies and strategies.
India's Real Estate Market: Steady Growth Expected in 2025
India's housing market is set to see a modest single-digit price rise in 2025, building on the significant 21% appreciation recorded in the previous year. Despite challenges, industry experts remain optimistic about the sector's future growth potential.
A Peek into Lee Min Ho's Lavish Seoul Home: The Mansion Worth Rs 37 Crore
Step into the luxurious world of K-drama superstar Lee Min Ho, whose stunning Seoul residence is a perfect blend of modernity and elegance. Here’s a detailed look at his lavish abode that you won't want to miss.
DLF Gears Up for Strategic Re-Entry into Mumbai's Housing Market
Gurugram-based real estate giant DLF is cautiously optimistic as it prepares to re-enter India's largest housing market, Mumbai, following a previous unsuccessful attempt.
Mumbai's Iconic Laxmi Nivas Bungalow Finds New Owner for a Whopping Rs 276 Crore
Mumbai's prestigious Malabar Hill area has seen a significant real estate transaction with the sale of the iconic Laxmi Nivas bungalow for a staggering Rs 276 crore. The property, known for its opulence and historical significance, has found a new owner,