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Rainbow Foundations Ltd.

BSE: 531694 Sector: Infrastructure
NSE: N.A. ISIN Code: INE230F01014
BSE 13:38 | 22 Feb 13.45 -0.35
(-2.54%)
OPEN

13.45

HIGH

13.45

LOW

13.45

NSE 05:30 | 01 Jan Rainbow Foundations Ltd
OPEN 13.45
PREVIOUS CLOSE 13.80
VOLUME 20
52-Week high 28.20
52-Week low 10.50
P/E 3.01
Mkt Cap.(Rs cr) 7
Buy Price 13.45
Buy Qty 80.00
Sell Price 0.00
Sell Qty 0.00
OPEN 13.45
CLOSE 13.80
VOLUME 20
52-Week high 28.20
52-Week low 10.50
P/E 3.01
Mkt Cap.(Rs cr) 7
Buy Price 13.45
Buy Qty 80.00
Sell Price 0.00
Sell Qty 0.00

Rainbow Foundations Ltd. (RAINBOWFOUNDAT) - Company History

Incorporated in Jun.'94 as Rainbow Holiday Resorts International, the company was renamed as Rainbow Foundations. It was promoted by Anopchand Jain, Gajraj Jain, Sarla Jain and their associates. The company is engaged in identifying and buying highly potential real estates for the purpose of developing and selling commercial and residential apartments. It has acquired plots in and around Madras. It also has acquired land in Kodaikanal, where it proposes to set up a resort complex on vacation time share (VTS) basis. It plans to construct 20 cottages with all the facilities in the first phase. The second phase involves construction of additional 160 cottages. Adjacent to the proposed complex, it plans to develop land measuring 28 acres for classifying into plots which would then be sold to different set of customers. In 1996-97, the construction work for residential apartment and two commercial complexes at Pondy Bazar and Purasaiwakkam were completed. During 2000-2001 the company had completed one Residential Project and a layout for new project was also inititated.