Board Announced Record Date For 10:1 Stock Split: Multibagger Solar Stock With 3,000 Per Cent Returns
The stock gave multibagger returns of 285 per cent in just 1 year and a whopping 3,000 per cent in 5 years.
RDB Infrastructure and Power Limited (RDBIPL) has announced a proposed 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 company aims to increase liquidity and attract a wider investor base through this stock split. The record date for the split is fixed as Friday, February 28, 2025.
Earlier, the company secured two contracts from Tarmat Limited for infrastructure development at Mumbai's CSMIA. A Rs 35.40 crore contract covers perimeter road construction and strengthening, while a Rs 23.60 crore contract covers civil work for Taxiway "M" Phase-1. YMS Finance, part of RDB Infrastructure and Power's promoter group, holds a 4.63 per cent stake in Tarmat. The company also received two contracts from DVC. A Rs 7.51 crore EPC contract involves installing grid-connected rooftop solar PV plants on DVC buildings in West Bengal and Jharkhand, including equipment and five years of O&M. A Rs 42.76 lakh contract covers O&M of existing DVC rooftop solar plants (approximately 10 MWp) for five years.
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About the Company
RDB Infrastructure and Power Limited (Formally 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.
The company has a market cap of Rs 960 crore with promoters holding 70.42 per cent stake and pubic owning 29.58 per cent stake. The stock gave multibagger returns of 285 per cent in just 1 year and a whopping 3,000 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.