Net Loss of Peninsula Land reported to Rs 109.69 crore in the quarter ended December 2018 as against net loss of Rs 49.03 crore during the previous quarter ended December 2017. Sales declined 55.66% to Rs 105.18 crore in the quarter ended December 2018 as against Rs 237.22 crore during the previous quarter ended December 2017.

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Peninsula Land will hold a meeting of the Board of Directors of the Company on 7 February 2019.

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Peninsula Land has entered into a Securities Purchase Agreement to acquire 86% of the Equity Shares of Rockfirst Real Estate thereby making it a wholly-owned subsidiary of the Company. Further the Company has also, through its wholly-owned subsidiary Peninsula Holding and Investment (PHIPL) entered into Securities Purchase Agreements to acquire 86% Equity shares of Goodhome Realty and Truewin Realty thereby making them step-down wholly-owned subsidiariesof the Company.

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The announcement was made during market hours today, 28 December 2018.

Meanwhile, the S&P BSE Sensex was up 258.68 points, or 0.72% to 36,065.96

On the BSE, 5.70 lakh shares were traded in the counter so far as against average daily volume of 90,000 shares in the past two weeks. The stock had hit a high of Rs 12.10 and a low of Rs 11.17 so far during the day.

Peninsula Land said that the company has entered into a Securities Purchase Agreement to acquire 86% of the equity shares of Rockfirst Real Estate thereby making it a wholly-owned subsidiary of the company. Further the company has also, through its wholly-owned subsidiary Peninsula Holding and Investment Private (PHIPL) entered into Securities Purchase Agreements to acquire 86% equity shares of Goodhome Realty and Truewin Realty thereby making them step-down wholly-owned subsidiaries of the company.

Peninsula Land is an integrated real estate company. The company's projects include pioneering retail ventures, world-class commercial projects and residential complexes.

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