Man Infraconstruction's Stock Surges After Major Real Estate Acquisition
Man Infraconstruction's stock saw a significant jump after the company announced the acquisition of a substantial stake in Man Realtors and Holdings, making it a wholly-owned subsidiary. This move is expected to bolster the company's real estate development business.
Man InfraconstructionReal EstateStock MarketAcquisitionMan Realtors And HoldingsReal Estate NewsJun 11, 2025
Man Infraconstruction share price opened at ₹168.96 apiece on June 11, as compared to the previous close at ₹168.01. The realty stock surged over 1.16 per cent, touching an intraday high of ₹170.92.
The multibagger realty stock has remained volatile over the past year. Man Infraconstruction share price has descended over 15 per cent in one year and over 29 per cent in six months. However, the stock has rewarded its long-term investors with multibagger returns, soaring over 1,274.88 per cent in five years.
Man Infraconstruction acquisition details
As per the exchange filing, the company has purchased an additional 17,03,183 equity shares at ₹215 per share, representing 36.07%, thereby increasing its total holding to 63.93% of the paid-up equity share capital.
We wish to inform you that the Company has acquired 17,03,183 Equity Shares (representing 36.07% of the paid up equity share capital), of Man Realtors and Holdings Private Limited ('MRHPL'), wherein the Company holds 63.93% of the paid up equity share capital, and accordingly, MRHPL shall become wholly owned subsidiary of the Company, the company said in the filing.
The company further added, The shares have been acquired with an object to make MRHPL as wholly owned subsidiary of the Company.
On May 27, the company had announced in an exchange filing that its wholly-owned subsidiary, MICL Global, INC., acquired an additional 25 per cent membership interest in MICL TIGERTAIL LLC for $1 million to further its real estate development business.
We wish to inform you that MICL TIGERTAIL LLC an associate of MICL Global, INC, a wholly owned subsidiary of the company have acquired an additional 25 per cent of the membership interest in the said LLC with effect from May 27, 2025, Man Infraconstruction said in an exchange filing on May 28.
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.
Frequently Asked Questions
What is the current share price of Man Infraconstruction?
The share price of Man Infraconstruction opened at ₹168.96 on June 11, and it surged over 1.16 per cent, touching an intraday high of ₹170.92.
How much stake did Man Infraconstruction acquire in Man Realtors and Holdings?
Man Infraconstruction acquired an additional 17,03,183 equity shares at ₹215 per share, representing 36.07%, thereby increasing its total holding to 63.93% of the paid-up equity share capital.
What is the long-term performance of Man Infraconstruction's stock?
Man Infraconstruction's stock has rewarded its long-term investors with multibagger returns, soaring over 1,274.88 per cent in five years, despite recent volatility.
Why did Man Infraconstruction acquire Man Realtors and Holdings?
The acquisition was made to further Man Infraconstruction's real estate development business and to make Man Realtors and Holdings a wholly-owned subsidiary.
What other recent acquisition did Man Infraconstruction make?
On May 27, Man Infraconstruction's wholly-owned subsidiary, MICL Global, INC., acquired an additional 25 per cent membership interest in MICL TIGERTAIL LLC for $1 million.
Related News Articles
India's Rise to Realty Prominence: A Billion-Dollar Boom
India is accelerating to become the real estate capital of Asia, with a total valuation of Rs 14.2 trillion among the top 100 realty companies.
Maharashtra Cabinet Renames Pune Airport After Sant Tukaram Maharaj
The Maharashtra Cabinet has approved a proposal to rename Pune airport after the 17th-century Warkari saint and poet, Sant Tukaram Maharaj.
The Downfall of Real Estate Moguls: Alexander Brothers Arrested in Miami
In a shocking turn of events, the renowned real estate moguls, the Alexander Brothers, were recently arrested in Miami. This news has sent ripples through the business community, leaving many to wonder what led to their downfall.
Luxury Homes, Toxic Air: The Urban Pollution Paradox in India
Nithin Kamath, a prominent real estate analyst, highlights the growing concern of urban pollution in major Indian cities like Delhi, Mumbai, and Bengaluru. Despite seeing a surge in luxury real estate, these cities struggle with alarming levels of air pol
Tragic Incident: Two Workers Killed, One Injured as Slab Collapses in Chikhla Mines
A devastating slab collapse in the Chikhla mines of Manganese Ore (India) has resulted in the death of two workers and left one injured. The incident has raised serious concerns about safety protocols in the mining industry.
Women Home Buyers Witness 14% Surge in 2024: Report
A recent report by Square Yards, titled 'Key Holders of Change - Women Driving Real Estate Growth and Transformation,' reveals a significant 14% increase in women homebuyers in 2024.