Nila Infrastructures Ltd Share Price

Nila Infrastructures Limited was incorporated on 26 February, 1990 and became public in 1994. The Company established itself as a pioneering force in the realm of civic urban infrastructure, backed by more than three decades of consistent performance and domain expertise. From its early beginnings as a localized real estate developer, the Company has steadily transitioned into a comprehensive urban infrastructure enterprise with a well-diversified project portfolio. Its operations extend beyond residential development to include the creation of vital public infrastructure such as modern bus terminals, BRTS corridors, healthcare and medical education facilities, multi-level parking systems, and industrial infrastructure. The majority projects of Company are of slum rehabilitation and redevelopment of housing projects being executed mainly in the state of Gujarat. The Company came out with a public issue at a premium of Rs 5 in Apr.'95 to strengthen its capital base and to enlarge the scope of operations. During the year 2011-12, residential housing flats schemes 'ANVAYAA' and 'ANAAHATA' got launched. It commenced a 200 residential units scheme namely 'ATUULYAM'. Thereafter, it completed the construction work of some projects of other corporate inc luding Adani Group, Singla Engineers & Contractors Pvt. Ltd. and RJD Integrated Textile Park Limited. Further, it incorporated an LLP namely 'Fangdi Land Developers LLP' in partnership with reputed M/s Pacifica Developers Pvt. Ltd. It launched another luxurious residential apartment 'ANURAADHAA' at Navrangpura, Ahmedabad. During 2018-19, the Scheme of Arrangement among the Company and Nila Spaces Limited provided for Demerger of the Real Estate Undertaking of the Company and transfer the same to Nila Spaces Limited became effective from April 01, 2017. Pursuant to the Scheme of Demerger, the investments held in M/s Nila Projects LLP, M/s Nilsan Realty LLP, M/s Fungdi Land Developers LLP, and securities held in M/s Mega City Cinemall Pvt. Ltd. were transferred Into M/s Nila Spaces Ltd. and consequently all these entities ceased to be joint ventures and associates of the Company. Further, Nila Spaces Ltd. ceased to be wholly owned subsidiary of the Company.