Realty company Omaxe announced that in the meeting of the executive committee of the board of directors of the company held on Jan. 31, 2008, the company has proposed to make investments of Rs 200,000 in order to acquire entire 10,000 equity shares of Rs 10 each of Ansh Builders and also the entire10,000 equity shares of Rs 10 each of Arman Builders.
The company posted a 5.46% jump in net profit at Rs 1,230.97 million for the quarter ended December 2007, as compared with Rs 1,167.27 million for the quarter ended September 2007.
Shares of the company gained Rs 6, or 2.11%, to trade at Rs 289.85. The total volume of shares traded was 173,317 at the BSE. (3.41 p.m., Friday)
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