Crest Ventures Ltd (formerly known Sharyans Resources Limited) was established on October 16, 1982 at Kolkata, West Bengal. The Company promoted by Pannalal Bengani, Motilal Sharma and Vijay Singh Dugar was engaged in trading of synthetic yarns and fabrics till Mar.93, it diversified into financial activities with emphasis on housing development and finance, lease financing, hirepurchase and investment in bonds and properties. The Company presently operates in three main segments viz., Investment in businesses, Credit business and Real Estate development.The company signed an MoU for technical assistance and cooperation with Kalpataru Construction Overseas and J Henry Schroders Bank, Switzerland. It came out with a public issue at a premium of Rs 5 in Dec.93 to partfinance the diversification of the companys operations in the area of housing development and finance. Later the company has entered into a partnership with Kalpataru Homes for the execution of a large commercialcumresidential complex at Panvel.In 199596, it came out with Rights issue of 3510000 shares of Rs 10/ each for cash at a premium of Rs 25/ per share was fully subscribed and the money raised has also been deployed.During year 2007, the Company floated a 100% subsidiary, Tamarind Tours Private Limited to provide travel and related services. The Companys investments in Real Estate business saw efforts yield resulting with the opening of Phoenix Market City Mall at Velachery, Chennai as a major milestone in 201213.The Company tookover Fortune Financial Services (India) Limited (FFSL), resulting it in becoming one of the Promoters during 201314. Through the Composite Scheme of Amalgamation, ITI Securities Limited, subsidiary of ITI Capital Holdings Private Limited, merged with ITI Capital Holdings Private Limited from April 01, 2014 and through the same Scheme, the amalgamated ITI Capital Holdings Private Limited, subsidiary Company merged with the Company effective from April 02, 2014.During the year 201617, Crest Capital and Investment Private Limited was incorporated as a wholly owned subsidiary on September 16, 2016. Further, the Company increased its stake in Escort Developers Private Limited on March 31, 2017 from the existing 50% to 100% resulting into its becoming a wholly owned subsidiary company. However, the Company has acquired a further stake of 10% in Crest Wealth Management Private Limited in 201718. Similarly, it increased its stake in Crest Finserv Limited from 52% to 100% resulting Crest Finserv Limited to became whollyowned subsidiary of the Company during 201819. During 201920, the Company acquired 21% stake in TBOF Foods Private Limited, which resulted TBOF Foods in becoming an associate of the Company. The Company along with its wholly owned subsidiary, i.e., Escort Developers Private Limited sold their entire stake being 38,49,058 Equity Shares constituting 50% of the paid up equity share capital of Classic Mall Development Company Limited (CMDCL) for an aggregate consideration of Rs 936 Crore to The Phoenix Mills Limited (PML). Consequent to the sale/transfer of shares, the Companys and Escorts holding in CMDCL was reported Nil and CMDCL ceases to be an associate of the Company effective May 05, 2022.Mane Green Private Limited was made subsidiary effective August 16, 2022 Crest Habitat Private Limited was made subsidiary effective August 25, 2022 Crest Corner Private Limited was made subsidiary effective August 29, 2022.
What is the current share price of Crest Ventures Ltd today on both NSE and BSE?
Crest Ventures Ltd shares are currently priced at 408.2 on NSE and 405.6 on BSE as of 5/2/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has Crest Ventures Ltd [CREST] shares performed in the past ?
The past 1-year return of Crest Ventures Ltd [CREST] share was 139.41. The Crest Ventures Ltd [CREST] share hit a 1-year low of Rs. 167.25 and a 1-year high of Rs. 525.
What is the market cap of Crest Ventures Ltd [CREST] ?
The market cap of Crest Ventures Ltd is Rs. 1161.32 Cr. as of 5/2/2024 12:00:00 AM.
What is the current P/E ratio of Crest Ventures Ltd [CREST] share price ?
The PE ratios of Crest Ventures Ltd is 20.97 as of 5/2/2024 12:00:00 AM.
What is the current PB ratio of Crest Ventures Ltd [CREST] share price ?
The PB ratios of Crest Ventures Ltd is 1.21 as of 5/2/2024 12:00:00 AM
How can I buy Crest Ventures Ltd shares?
You can easily buy Crest Ventures Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.