10:1 stock split: Multibagger Solar Penny Stock Below Rs 65; Company Executes Slump Sale Agreement of Rs 60,00,00,000 with Samprati Buildcon Pvt Ltd
The stock gave multibagger returns of 300 per cent in just 1 year and a whopping 2,900 per cent in 5 years.
RDB Infrastructure and Power Limited has executed a slump sale agreement with Samprati Buildcon Private Limited for the sale of its non-agricultural leasehold land, admeasuring 10667.52 sq. mtrs, located in Surat. The total consideration for this transaction is Rs. 60,00,00,000 (Rupees Sixty Crores only). As of April 14th, 2025, the agreement has been formalized, with the expected completion date of the sale being October 13th, 2025. RDB Infrastructure has already received Rs. 1,00,00,000, with the remaining Rs. 59,00,00,000 to be received within six months from the agreement date.
The land being sold contributed nil turnover, revenue, income, and net worth to RDB Infrastructure in the last financial year. Samprati Buildcon Private Limited, the buyer, is a private limited company based in Surat and is not related to the promoter, promoter group, or group companies of RDB Infrastructure. This transaction is not considered a related party transaction and is outside the Scheme of Arrangement. RDB Infrastructure has complied with relevant regulations, including obtaining member approval through a special resolution. The rationale for the slump sale is to enhance liquidity and maintain a strong cash position to support the company's operations and strategic objectives.
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About the Company
RDB Infrastructure and Power Limited (formerly known as RDB Realty & Infrastructure Ltd), founded in 1981, is a prominent real estate & solar services-related company in India. With a strong presence in major cities like Kolkata, Mumbai, and Hyderabad, they specialise in both residential and commercial projects. Their portfolio includes high-rise apartments, integrated townships, office spaces, and shopping malls. The company is committed to quality and innovation, aiming to deliver exceptional living and working spaces. By focusing on customer satisfaction and sustainable development practices, RDB Realty & Infrastructure Ltd has established itself as a trusted name in the Indian real estate industry.
According to Quarterly Results, the net sales increased by 251 per cent to Rs 24.18 crore and net profit increased by 88 per cent to Rs 1.78 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 169 per cent to Rs 87.36 crore and the net profit increased by 23 per cent to Rs 4.38 crore in 9MFY25 compared to 9MFY24. Looking at its annual results (FY24), the company reported net sales of Rs 67 crore and a net profit of Rs 3 crore.
The company's shares ex-traded a 10:1 stock split of its equity shares. This means each existing Rs 10 face-value equity share will be divided into 10 equity shares of Re 1 each. The ex-date for the stock split was Friday, February 28, 2025. The stock’s 52-week high is Rs 62.68 per share and its 52-week low is Rs 13.67 per share. The company has a market cap of over Rs 970 crore, with promoters holding 70.42 per cent stake and the pubic owning 29.58 per cent stake. The stock gave multibagger returns of 300 per cent in just 1 year and a whopping 2,900 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.