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Loveleen Goyal

22nd Jun 2025 · SEBI-Registered Analyst

MANINFRA

MANINFRA
Man Infraconstruction has announced the incorporation of a new subsidiary, 'MICL Shreepati August LLP', effective June 19, 2025. This strategic move aims to further expand the company's footprint in the real estate sector. Man Infraconstruction Limited has invested Rs 50,500 to acquire a 50.50% partnership interest in the newly formed Limited Liability Partnership (LLP), which has an initial total capital contribution of ₹1,00,000. Shares of the company settled over 2 percent higher at Rs 161.49 per share on the NSE. Man Infraconstruction Limited, a company with established presence in EPC (Engineering, Procurement, and Construction) and real estate development, has formed MICL Shreepati August LLP with the explicit objective of "carrying out business of real estate and other related activities." This move signals the company's continued focus on leveraging opportunities within the real estate market. The formation of this subsidiary is aligned with Man Infra's broader strategy to expand its operations and potentially undertake new projects under this new entity. The company clarified that the new subsidiary's business activities fall within its main line of business, indicating a synergistic expansion rather than diversification into unrelated fields. As MICL Shreepati August LLP is newly incorporated, it is yet to commence its business operations and therefore has a nil turnover at present. Investment and Shareholding Structure

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