THIS company hits 52-week high as it set to acquire 70 percent stake in Solar Agro-Parks | Check details here
GH News January 07, 2026 06:06 PM

Shares of real estate company RDB Infrastructure and Power Ltd are seeing a rise today. The stock was trading at ₹70.25 up 1.20% or ₹0.83 on the BSE as of last seen. In between the scrip gained and touched the intraday high of Rs 71.50 also the counters 52-week high. The 52-week low of the stock is Rs 35. Actually the company had given important information in its latest exchange filing after the market closed on Tuesday after which this rise in the stock is being seen today. Meanwhile the BSE has placed the stock under the Short Term Additional Surveillance Measure Stage 1 (ST ASM-1) framework.
The company said its Board of Directors has approved the proposal to subscribe for 70 percent of the equity share capital of Solar Agro-Parks Private Limited a company engaged in the solar energy sector.
Under the deal the company will subscribe for 7000 equity shares with a face value of ₹10 each for a total cost of Rs 70000. Following this investment the company will have a 70% stake and control in the proposed entity.
Solar Agro-Parks Private Limited was incorporated on December 31 2025. Currently the subscription proceeds have not yet been invested by RDB Infra. Solar Agro-Parks Private Limited has an authorised capital of ₹10 lakh while its paid-up capital is ₹1 lakh. Since the company is new its turnover is currently unknown.
The company said the acquisition is part of its strategy to expand and diversify its business in renewable energy especially solar energy and is being done through a tender bidding process.
RDB Infrastructure and Power Limited is a real estate company incorporated in Kolkata in 2006. The company primarily develops residential projects such as homes townships and group housing developments as well as commercial projects such as offices malls and shopping complexes. The companys operations span several cities across India. The company has established a strong presence in the real estate sector with projects in several cities across India.