RDB Infrastructure Shares Rally on NSE Listing Proposal and Solar Expansion
Shares of RDB Infrastructure and Power Ltd witnessed a significant surge of 5.2% during Wednesday's trading session on January 28, climbing to an intraday high of ₹69 per share. This upward movement followed the company's announcement regarding its proposal to list its equity shares on the National Stock Exchange (NSE), marking a potential expansion of its trading platforms beyond the Bombay Stock Exchange (BSE).
Board Meeting Scheduled for Listing Approval
In a regulatory filing submitted today, the company disclosed that its Board of Directors will convene a meeting on February 3, 2026. The primary agenda of this meeting is to consider and approve the formal application for listing the company's equity shares on the NSE. Currently, RDB Infrastructure shares are exclusively listed on the BSE, where the company boasts a market capitalization of ₹1,338 crore. The closing share price on the previous trading day, January 27, 2026, stood at ₹65.6 per share.
Recent Capital and Strategic Developments
The regulatory filing also highlighted recent capital activities. On January 21, the board approved the allotment of 500,000 equity shares following the conversion of an equivalent number of warrants issued on a preferential basis to a non-promoter entity. This conversion was executed after receiving the balance consideration of ₹1.52 crore, which represents 75% of the issue price at ₹40.50 per warrant, in compliance with SEBI (ICDR) Regulations, 2018. Consequently, the company's issued and paid-up equity share capital has increased to ₹20.44 crore, comprising 20.44 crore equity shares, each with a face value of ₹1.
Strategic Entry into Solar Energy Sector
In a strategic move to diversify its business operations, RDB Infrastructure has recently entered the renewable energy sector by acquiring a majority stake in Solar Agro-Parks Private Limited. The company has identified solar energy as a key focus area, with this investment closely linked to tender bidding processes. This acquisition is part of RDB Infrastructure's broader initiative to expand its footprint in the rapidly growing renewable energy market, aligning with global sustainability trends.
Company Background and Project Portfolio
RDB Group operates as a diversified enterprise with a strong presence across multiple sectors, including packaging, power and telecom transmission equipment, retail, logistics, and real estate. According to the regulatory filing, the company has successfully completed 154 projects, developed approximately 6 million square feet of space, and served over 50,000 families across both residential and commercial segments.
Share Price Performance and Trends
RDB Infrastructure shares have experienced notable volatility in recent times. Following a sustained rally, the stock emerged as one of the top performers among small-cap stocks, delivering an impressive return of 142% between September and mid-January. However, after this bumper rally, investors began booking profits, leading to a correction of 28% from the recent peak of ₹92 per share.
In terms of long-term performance, the shares have generated multibagger returns for investors. Over the past three years, the stock has appreciated by an astounding 1,600%, while over a five-year period, it has surged nearly 4,000%, underscoring its strong growth trajectory in the market.
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