Man Infra Construction Share Price Gains Nearly 3% Amid Strategic Acquisition

Market Performance

In a weak overall market, Man Infraconstruction's share price displayed resilience by gaining close to 3% in intraday trading on May 28.

• Opened at: ₹161.20
• Previous Close: ₹160.60
• Intraday high: ₹165.40
• Last traded: ₹163.45 (around 2:20 PM)
• Sensex performance: Down 0.12% at 81,455

This uptick helped Man Infraconstruction's share price snap a two-day losing streak.

Main News

The rally in Man Infraconstruction share price comes after a notable acquisition update.

On May 27, the company announced that its wholly owned subsidiary, MICL Global, Inc., had acquired an additional 25% membership interest in MICL TIGERTAIL LLC, a U.S.-based real estate entity. The deal was valued at $1 million.

• Purpose of acquisition: To support real estate development activities
• Location of MICL TIGERTAIL LLC: Miami, Florida, USA
• Date of original incorporation: June 2024
• Nature of the transaction: Not a related-party transaction

According to the exchange filing on May 28, the acquisition increases MICL Global, INC's ownership in the LLC, further strengthening Man Infraconstruction's international real estate presence.

Company Details

Man Infraconstruction Ltd. is a small-cap company engaged in real estate and infrastructure development. Despite a year marked by volatility, Man Infraconstruction's share price has shown recent momentum.

Share Price Trend (Last One Year):

• 52-week high: ₹262.50 (on December 30, 2024)
• 52-week low: ₹135.05 (on March 17, 2025)
• Annual decline: Nearly 16% from its peak

Monthly Performance:

• March 2025: +0.5%
• April 2025: +3%
• May 2025 (so far): +7%

This upward monthly trend aligns with growing investor interest following recent corporate developments, particularly in international markets.

Summary of the Article

Man Infraconstruction's share price rose by nearly 3% in intraday trade on May 28, outperforming the broader market. The rally came on the heels of a strategic move by its subsidiary, MICL Global, INC, which acquired a 25% additional stake in MICL TIGERTAIL LLC for $1 million. The acquisition strengthens the company's U.S. real estate portfolio. Despite facing pressure over the past year, the stock has been on a positive trajectory since March.