Hubtown invests additional Rs 3.26 cr in subsidiary Rare Townships
HUBTOWN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 2.2 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hubtown Limited has invested Rs 3,25,66,290 in its subsidiary Rare Townships Private Limited (RTPL) by subscribing to its rights issue. Hubtown got 10,85,543 Class A equity shares at Rs 30 per share (Rs 10 face value plus Rs 20 premium). Its stake in RTPL has risen from 74.65% to 75.24%. RTPL is in real estate business with FY26 turnover of about Rs 98 crores. This is a related party transaction done at arm's length.
Minor incremental stake rise in existing subsidiary. No major impact on consolidated financials since RTPL was already a subsidiary.