KBC Global board meet on April 29; company to enter into mining business

The meeting will also discuss the opportunities available in Africa for acquisition or doing joint venture for mining business.

Nashik based NSE and BSE listed, KBC Global Ltd has informed exchanges that a meeting of the Board of Directors is scheduled to be held on April 29, 2022 to consider and discuss the possibility of entering into the mining business internationally. The meeting will also discuss the opportunities available in Africa for acquisition or doing joint venture for mining business. KBC Global is a leading player in the affordable and mid-income housing segment. 

In last couple of weeks, some marquee investors are picking up a stake in the company. Recently, Singapore-based fund Maybank Kim Eng Securities Pte picked up a stake in KBC Global Ltd. It picked 35 lakh shares at a rate of Rs.9.99 per share. 

KBC Global Ltd is a first-generation construction company in Maharashtra and Western India. The company is founded and promoted by Naresh Karda in the year 2007. Promoters have an experience of more than 25 years in the construction industry. The company has established brand name “Hari” for all its project. 

Their business activity falls within two business segment – Development of Real Estate Properties and Civil Contracting Business.