RPP Infra share price recorded a new life time high in the early trading session of Monday, 23rd January 2017. The share price opened at Rs 277.40 from the previous closing price of Rs 276.60. From there it rallied to record the life time high of Rs 310.00.
At 10.10 AM RPP Infra share price was seen trading at Rs 298.05, up by 7.75 per cent or 21.45 points on NSE.
R.P.P. Infra Projects was originally incorporated as R.P.P. Constructions (Private) Limited on May 4, 1995 under the Companies Act, 1956. The Company was jointly promoted by Arul P. Sundaram and his brother R. P. Selvasundaram. Subsequent to the deed of Family Arrangement dated 31st July, 2005 the family businesses and the entities were amicably divided between the two brothers and the firm came to be owned and controlled by R. P. Selvasundaram.
The name of the Company was changed to RPP Infra Projects Private Limited on 27th November, 2009. The Company was subsequently converted to a public limited company pursuant to a Special Resolution that was passed at the Shareholders meeting held on 21st January, 2010. It was issued a Fresh Certificate of Incorporation by the Registar of Companies, Coimbatore on 8th March, 2010.
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