Unbelievable 290% Returns in Just One Year! Multibagger Realty Stock Soars 3% Following Strategic Fundraise Through Slump Sale

RDB Infrastructure and Power Limited has made headlines recently, reporting an impressive 290% return over the past year. On Wednesday morning, the stock experienced a 3% increase, reaching ₹58.96 on the BSE, following the announcement of a significant fundraise through a slump sale. This remarkable performance has attracted the attention of investors eager to tap into the booming real estate sector.

Stock Performance Overview

After opening at ₹58.96, RDB Infrastructure and Power shares climbed more than 3% compared to the previous closing price of ₹56.42. Throughout the morning trades, the stock maintained similar levels, showcasing its resilience in the market.

1-Year Return: 290%
5-Year Return: Over 2950%

Fundraising Strategy

The company recently notified both the Bombay Stock Exchange and the Calcutta Stock Exchange regarding a slump sale agreement. This move aims to streamline operations and bolster financial resources. RDB Infrastructure and Power confirmed that they had secured approval from their members for this strategic decision.

Details of the Slump Sale

The slump sale involves the transfer of non-agricultural leasehold land, covering 10,667.52 sq. meters, from Final Plot No. 98 of Town Planning Scheme No. 7 (Anjana), located within the Surat Municipal Corporation limits.

Buyer: Samprati Buildcon Private Limited
Total Sale Price: ₹60 crores
Initial Payment Received: ₹1 crore
Remaining Amount: ₹59 crores (to be received within six months)

This financial maneuver not only enhances RDB Infrastructure and Power’s cash flow but also positions them for further growth in an evolving market landscape.

Conclusion

With a track record of delivering substantial returns and a clear plan for fundraising, RDB Infrastructure and Power continues to be a standout player in the real estate sector. Investors and market analysts alike are keenly watching how this slump sale will impact the company’s future performance. For those interested in the dynamics of real estate investments, RDB’s strategic decisions could offer valuable insights.