Shristi Infrastructure Development Corporation Ltd Share Price

Summary

Shristi Infrastructure Development Corporation Limited(Formerly known Peerless Abasan Finance Limited) was incorporated on 3 August, 1990. The Company name was changed to Shristi Infrastructure Development Corporation Limited upon the Scheme of Amalgamation effective from August 14, 2007. The Company is in the business of infrastructure Development, Construction & Real Estate, including hospitality. In Nov.93, the company came out with a public issue to augment its long-term resources and also to strengthen its capital base. The company has adopted aggressive marketing of its housing loan schemes. It has decided to disburse the major portion of its loans to city-based real estate developers. The Company commenced its operations in 1999. The Company amalgamated with Shristi through Scheme of Amalgamation effective on 30 July, 2007 and the said Scheme was made effective from 01.04.2005. Consequently, the entire business undertaking of the erstwhile Shristi was vested in the Company as a going concern basis. Upon the amalgamation of Shristi with the Company, Company allotted on 27 August, 2007, 2,00,00,000 Equity Shares of Rs.10/- each fully paid -up to the members of Shristi in the ratio, of two equity shares of Rs.10/- each in the Company for every 1 Equity Share of Shristi. Further, Shristi Urban Infrastructure Development Limited and its subsidiary Shristi Udaipur Hotels & Resorts Pvt. Ltd. and Viyekananda Skyroad Limited became subsidiaries of the Company.In 2010, the Compa
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