Shares of Man Infraconstruction Ltd. rose nearly 3% in early trade on Wednesday after the company disclosed that its wholly owned subsidiary, MICL Global, Inc., had acquired an additional 25% membership interest in MICL TIGERTAIL LLC, a U.S.-based associate company. The transaction, valued at $1 million, became effective on May 27, 2025.

The acquisition marks a strategic step in reinforcing the company’s international real estate footprint. MICL TIGERTAIL LLC, incorporated in Miami, Florida in June 2024, was formed to undertake real estate development and related lawful activities. With this additional stake, MICL Global, Inc. deepens its involvement in the U.S. real estate market, aligning with Man Infraconstruction’s long-term vision of expanding its global portfolio.

According to the regulatory filing, the transaction does not qualify as a related-party transaction under SEBI norms. The company emphasized that MICL TIGERTAIL LLC remains in the early stages of its operations and has not yet recorded any revenue. 

Nonetheless, the move is seen as a strategic commitment to overseas growth through real estate development projects in high-potential geographies like the United States.

The stock touched an intraday high of ₹165.24 apiece. 

Let’s take a look at its Factor Analysis scores:

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

Kindly refer to  https://share.market/ for more details.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887, and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst, and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.