Supreme Infra to buy 51% stake in Rudranee; stock up

MUMBAI: Supreme Infrastructure is set to buy equity stake worth Rs 18 crores in Rudranee Infrastructure. Subsequently, Supreme Infrastructure will hold 51 per cent stake in Rudranee.

Supreme Infrastructure Board has also approved investment upto Rs 200 crores in subsidiaries and SPV companies for implementing BOT projects.

Shares Supreme Infrastructure were at Rs 238.90, up 2.53 per cent on the NSE. It touched a high of Rs 247 and low of Rs 237 in trade so far.