Why did Zandu Realty soar nearly 20% today?

IRB Infrastructure Developers  | In 2020 so far, the share price has moved up 76 percent to Rs 131.20. It's trailing twelve months (TTM) P/E was 6.40 multiple while 5-year average P/E was 8.30 multiple.

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26 Aug, 2025 12:21

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Shares of Zandu Realty rose 20 percent and Emami Infrastructure has locked at 5 percent upper circuit (touched 52-week high of Rs 155.25) intraday Monday on the back of approval of merger between the companies.

The board of directors of the companies in their meeting held on July 1, has approved the scheme of amalgamation between Emami Infrastructure and Zandu Realty and their respective shareholders and creditors.

The said scheme is subject to the approval of the shareholders, creditors, SEBI, Stock Exchanges, Hon'ble National Company Law Tribunal (NCLT), and other regulatory authorities, as applicable.

On the back of this merger the Emami Infra will issue and allot 7 fully paid up equity shares of Rs 2 each to the equity shareholders of Zandu Realty as on record date for every 1 fully paid up equity shares of Rs 100 each held by them in Zandu Realty.

The trading window of the company for dealing in the securities of the company shall reopen on and from July 5, 2017.

At 11:43 hrs Emami Infrastructure was quoting at Rs 155.10, up 4.97 percent and Zandu Realty was quoting at Rs 1,424, up 13.91 percent on the NSE.

Posted by Rakesh Patil