RDB Real Estate Construction Limited, headquartered in West Bengal, India, operates in the real estate sector. Originally incorporated on July 27, 2018, as 'Baron Real Estate Private Limited,' the company was converted into a public entity in September 2018 and later renamed 'RDB Real Estate Construction Limited' in January 2019. The company specializes in the real estate business, focusing on property development and infrastructure projects.
A significant milestone for the company occurred through a Scheme of Arrangement approved by the National Company Law Tribunal, Kolkata, on May 21, 2024. Under this scheme, the Realty Business Undertaking of RDB Realty & Infrastructure Limited was transferred to RDB Real Estate Construction Limited, effective October 1, 2022. As part of this arrangement, the company issued and allotted 1,72,83,400 equity shares at Rs 10 each on August 30, 2024, in a 1:1 ratio to existing shareholders of RDB Realty & Infrastructure Limited.
This development significantly boosts RDB Real Estate Construction Limited's asset base and shareholder value, consolidating its position in the real estate market. Potential traders should note the strategic realignment and scale expansion brought about by this Scheme of Arrangement, which positions the company for future growth in the real estate sector.
