{"id":266749,"date":"2026-09-24T11:11:25","date_gmt":"2026-09-24T05:41:25","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=266749"},"modified":"2026-09-24T11:12:37","modified_gmt":"2026-09-24T05:42:37","slug":"milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/","title":{"rendered":"Milgrey Finance Share Price in Focus: Rs 87 Crore Stock Plans a Rs 49.80 Crore Share Swap for a 60% Stake in Real Estate Firm Fidus Parkland"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Milgrey Finance share price Rs 42.01 (24 Sep, 11:05 AM), up 3.73%. 60% of Fidus Parkland for Rs 49.80 Cr via share swap. Target valued at Rs 83 Cr. Completion by 31 Mar 2027.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Milgrey Finance share price today is Rs 42.01, up 3.73% in the session, weeks after the board approved buying 60% of real estate firm Fidus Parkland Private Limited for Rs 49.80 crore. The deal values the target at Rs 83 crore, will be paid in fresh Milgrey shares and is due to complete on or before 31 March 2027. The swap ratio is not yet fixed, so the number of new shares is still open. The Rs 49.80 crore price equals about 57% of Milgrey&#8217;s own market value of roughly Rs 87 crore.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/univest.in\/stocks\/zmilgfin\/milgrey-finance-and-investments-ltd-share-price-today\">Milgrey Finance &amp; Investments Ltd<\/a> (BSE: 511018, ZMILGFIN) is a small BSE-listed company that once financed film producers and now invests in shares and securities. Its board has approved a proposal to buy a 60% equity stake in Fidus Parkland Private Limited, a real estate business, marking the company&#8217;s first move into property.<\/p>\n<p>The twist sits in the arithmetic. Milgrey would pay Rs 49.80 crore, more than half of its own Rs 87 crore market value, and it would pay in newly issued shares rather than cash. That makes the Milgrey Finance stock news less about a bolt-on purchase and more about how far the company&#8217;s share count could stretch.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#What_Is_the_Milgrey_Finance_Fidus_Parkland_Deal\" title=\"What Is the Milgrey Finance Fidus Parkland Deal?\">What Is the Milgrey Finance Fidus Parkland Deal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#How_Big_Is_the_Fidus_Parkland_Deal_for_Milgrey_Finance\" title=\"How Big Is the Fidus Parkland Deal for Milgrey Finance?\">How Big Is the Fidus Parkland Deal for Milgrey Finance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#Milgrey_Finance_Share_Price_Today_What_the_Numbers_Show\" title=\"Milgrey Finance Share Price Today: What the Numbers Show\">Milgrey Finance Share Price Today: What the Numbers Show<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#What_Does_Milgrey_Finances_Financial_Record_Say\" title=\"What Does Milgrey Finance&#8217;s Financial Record Say?\">What Does Milgrey Finance&#8217;s Financial Record Say?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#Is_the_Fidus_Parkland_Deal_Good_for_Milgrey_Finance_Shares\" title=\"Is the Fidus Parkland Deal Good for Milgrey Finance Shares?\">Is the Fidus Parkland Deal Good for Milgrey Finance Shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#Milgrey_Finance_Stock_News_Dates_and_Triggers_to_Watch\" title=\"Milgrey Finance Stock News: Dates and Triggers to Watch\">Milgrey Finance Stock News: Dates and Triggers to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#Should_Investors_Buy_Milgrey_Finance_Shares_Now\" title=\"Should Investors Buy Milgrey Finance Shares Now?\">Should Investors Buy Milgrey Finance Shares Now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#What_Happens_Next_for_Milgrey_Finance\" title=\"What Happens Next for Milgrey Finance\">What Happens Next for Milgrey Finance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#What_is_the_Milgrey_Finance_Fidus_Parkland_deal\" title=\"What is the Milgrey Finance Fidus Parkland deal?\">What is the Milgrey Finance Fidus Parkland deal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#How_much_is_Milgrey_Finance_paying_for_Fidus_Parkland\" title=\"How much is Milgrey Finance paying for Fidus Parkland?\">How much is Milgrey Finance paying for Fidus Parkland?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#What_is_Milgrey_Finance_share_price_today\" title=\"What is Milgrey Finance share price today?\">What is Milgrey Finance share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#Why_is_Milgrey_Finance_stock_rising_today\" title=\"Why is Milgrey Finance stock rising today?\">Why is Milgrey Finance stock rising today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#Will_the_Fidus_Parkland_deal_dilute_Milgrey_Finance_shareholders\" title=\"Will the Fidus Parkland deal dilute Milgrey Finance shareholders?\">Will the Fidus Parkland deal dilute Milgrey Finance shareholders?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#When_will_the_Milgrey_Finance_acquisition_of_Fidus_Parkland_be_completed\" title=\"When will the Milgrey Finance acquisition of Fidus Parkland be completed?\">When will the Milgrey Finance acquisition of Fidus Parkland be completed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/milgrey-finance-share-price-fidus-parkland-60-percent-stake-share-swap\/#Is_Milgrey_Finance_a_good_stock_to_buy\" title=\"Is Milgrey Finance a good stock to buy?\">Is Milgrey Finance a good stock to buy?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_the_Milgrey_Finance_Fidus_Parkland_Deal\"><\/span><strong>What Is the Milgrey Finance Fidus Parkland Deal?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Milgrey Finance plans to acquire 60% of Fidus Parkland Private Limited at a valuation of Rs 83 crore, which puts the cost of the stake at Rs 49.80 crore. The board approved the proposal at its meeting on 21 August 2026, and the company has described it as a step towards diversifying into real estate. Milgrey Finance shares have been in focus since.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;background:#0A0E1A;color:#FFFFFF;text-align:left;\">Deal term<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;background:#0A0E1A;color:#FFFFFF;text-align:left;\">Detail<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Target<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Fidus Parkland Private Limited (real estate)<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Stake proposed<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">60% equity<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Target valuation<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Rs 83 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Consideration<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Rs 49.80 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Mode<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Share swap through fresh Milgrey equity shares<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Swap ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">To be set using independent valuation reports and a fairness opinion<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Indicative completion<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">On or before 31 March 2027<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Related party?<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">No, and the promoter group has no interest in the target<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The company has also said no government or regulatory approvals are needed for the acquisition, and that the deal is at arm&#8217;s length. The disclosure summaries do not detail Fidus Parkland&#8217;s revenue, profit, land holdings or projects, which is the biggest gap for anyone trying to value the deal.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Big_Is_the_Fidus_Parkland_Deal_for_Milgrey_Finance\"><\/span><strong>How Big Is the Fidus Parkland Deal for Milgrey Finance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The deal is large relative to Milgrey Finance itself. The Rs 49.80 crore consideration equals roughly 57% of the company&#8217;s market capitalisation and about 152% of its net worth (share capital of Rs 21.54 crore plus reserves of Rs 11.26 crore at March 2026).<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;background:#0A0E1A;color:#FFFFFF;text-align:left;\">Measure<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;background:#0A0E1A;color:#FFFFFF;text-align:left;\">Figure<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Milgrey market capitalisation<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">About Rs 87 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Milgrey net worth, March 2026<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">About Rs 32.80 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Consideration for 60% of Fidus Parkland<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Rs 49.80 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Consideration as share of market value<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">About 57%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Consideration as share of net worth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">About 152%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Fidus Parkland valuation<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Rs 83 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Here is an illustration only, since the swap ratio is not set. At the current price of Rs 42.01, Rs 49.80 crore of new shares would be about 1.19 crore shares, against the 2.15 crore shares now outstanding. That would raise the share count by roughly 55% and leave the new holders with about 35% of the enlarged company. The real dilution will depend on the issue price fixed under the valuation reports, and that price will shape how the Milgrey Finance stock reacts once it is public.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Milgrey_Finance_Share_Price_Today_What_the_Numbers_Show\"><\/span><strong>Milgrey Finance Share Price Today: What the Numbers Show<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Milgrey Finance share price was Rs 42.01 on BSE at 11:05 AM IST on 24 September 2026, up Rs 1.51 or 3.73% from the previous close of Rs 40.50. The stock is still far below where it traded a year ago.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;background:#0A0E1A;color:#FFFFFF;text-align:left;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;background:#0A0E1A;color:#FFFFFF;text-align:left;\">Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Last traded price<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Rs 42.01<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Previous close<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Rs 40.50<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Day range<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Rs 39.29 to Rs 43.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">52-week high<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Rs 103.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">52-week low<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Rs 35.36<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Price to book value<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">2.66<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Book value per share<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Rs 15.23<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">EPS (trailing twelve months)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Rs -0.93<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">1.55<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Milgrey Finance shares trade about 59% below the 52-week high and roughly 19% above the 52-week low. Over one year the Milgrey Finance stock price has fallen about 56%, though it is still up around 172% over five years. A price to book value of 2.66 with negative earnings means investors are paying for the story, not for current profit.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check the Univest Screener to compare small-cap finance stocks on debt, book value and returns<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Does_Milgrey_Finances_Financial_Record_Say\"><\/span><strong>What Does Milgrey Finance&#8217;s Financial Record Say?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Any Milgrey Finance stock analysis starts with thin numbers. The company reported nil sales in each quarter from June 2024 to March 2026, then Rs 23.54 crore of revenue in the June 2026 quarter with a net loss of Rs 0.09 crore. For FY26 the net loss was Rs 1.28 crore.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;background:#0A0E1A;color:#FFFFFF;text-align:left;\">Quarter<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;background:#0A0E1A;color:#FFFFFF;text-align:left;\">Revenue (Rs crore)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;background:#0A0E1A;color:#FFFFFF;text-align:left;\">Net profit (Rs crore)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">June 2025<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">0.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">0.64<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">September 2025<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">0.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">0.39<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">December 2025<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">0.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">March 2026<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">0.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">-2.32<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">June 2026<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">23.54<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;\">-0.09<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The balance sheet has been getting heavier. Borrowings rose from Rs 28.06 crore in March 2024 to Rs 39.87 crore in March 2025 and Rs 50.91 crore in March 2026, and operating cash flow was negative Rs 8.51 crore in FY26. A share swap lets Milgrey add an asset without spending cash, which is one reason the structure makes sense on paper.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_the_Fidus_Parkland_Deal_Good_for_Milgrey_Finance_Shares\"><\/span><strong>Is the Fidus Parkland Deal Good for Milgrey Finance Shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It could be, but the case rests on facts that have not yet been disclosed. Both sides have specifics behind them.<\/p>\n<p><strong>The bull case:<\/strong> Real estate gives a small investment company a new business line. The structure preserves cash at a time when borrowings are rising. The deal is described as arm&#8217;s length, with no promoter interest in the target and no related-party angle. A 60% holding would typically give Milgrey control of Fidus Parkland, and strong numbers from the target could support the Milgrey Finance share price.<\/p>\n<p><strong>The bear case:<\/strong> The swap ratio is unset, so dilution is unknown. Fidus Parkland&#8217;s own financials are not in the disclosure summaries. Real estate is capital hungry and cyclical, and it sits outside Milgrey&#8217;s track record, which could weigh on Milgrey Finance shares if the details disappoint. Exchange shareholding data for the June 2026 quarter shows no promoter holding, with public shareholders holding 100%. Completion is allowed until 31 March 2027, which leaves a long stretch of uncertainty.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Milgrey_Finance_Stock_News_Dates_and_Triggers_to_Watch\"><\/span><strong>Milgrey Finance Stock News: Dates and Triggers to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Milgrey Finance stock news over the coming weeks will centre on three markers, and each can move the Milgrey Finance share price:<\/p>\n<ul>\n<li><strong>Swap ratio and valuation reports:<\/strong> the board has said the ratio will follow independent valuation reports and a fairness opinion, but no date has been given.<\/li>\n<li><strong>30 September 2026:<\/strong> Milgrey holds its 43rd annual general meeting, with book closure from 24 to 30 September.<\/li>\n<li><strong>31 March 2027:<\/strong> the indicative deadline to complete the acquisition.<\/li>\n<\/ul>\n<p>A share swap of this kind is normally run as a preferential allotment, which typically needs a registered valuer&#8217;s report, a special resolution of shareholders and in-principle approval from the exchange. The board also considered a rights issue of up to Rs 60 crore on 29 June 2026, so new equity could reach the market from more than one direction.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track small-cap stocks and market news live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Should_Investors_Buy_Milgrey_Finance_Shares_Now\"><\/span><strong>Should Investors Buy Milgrey Finance Shares Now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>That decision belongs to each investor, and this article does not constitute investment advice. The Milgrey Finance stock is a small, thinly followed BSE name with negative earnings, so any position carries high risk. Investors who want exposure usually wait for the swap ratio and Fidus Parkland&#8217;s financials before judging the price.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Happens_Next_for_Milgrey_Finance\"><\/span><strong>What Happens Next for Milgrey Finance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Milgrey Finance Fidus Parkland deal is a proposal, not a completed purchase. Until the swap ratio, the valuation reports and Fidus Parkland&#8217;s numbers are public, the Milgrey Finance share price will keep trading on the story rather than on the facts. The next disclosures from the company are what to watch.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information and company disclosures. These may or may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Milgrey_Finance_Fidus_Parkland_deal\"><\/span><strong>What is the Milgrey Finance Fidus Parkland deal?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Milgrey Finance plans to buy a 60% equity stake in Fidus Parkland Private Limited, a real estate company, for Rs 49.80 crore. The board approved the proposal on 21 August 2026, and payment will be through a share swap based on an Rs 83 crore valuation of the target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_is_Milgrey_Finance_paying_for_Fidus_Parkland\"><\/span><strong>How much is Milgrey Finance paying for Fidus Parkland?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Milgrey Finance will pay Rs 49.80 crore for the 60% stake, which is 60% of the Rs 83 crore valuation. The payment will be made by allotting fresh Milgrey equity shares, not cash, and the swap ratio is still to be decided.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Milgrey_Finance_share_price_today\"><\/span><strong>What is Milgrey Finance share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Milgrey Finance share price was Rs 42.01 on BSE at 11:05 AM IST on 24 September 2026, up 3.73% from the previous close of Rs 40.50. The 52-week range is Rs 35.36 to Rs 103.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Milgrey_Finance_stock_rising_today\"><\/span><strong>Why is Milgrey Finance stock rising today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company has not linked today&#8217;s 3.73% gain to any single event. The Milgrey Finance stock has been in focus since the board approved the Fidus Parkland acquisition on 21 August 2026, but it remains about 59% below its 52-week high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_the_Fidus_Parkland_deal_dilute_Milgrey_Finance_shareholders\"><\/span><strong>Will the Fidus Parkland deal dilute Milgrey Finance shareholders?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Dilution is likely because Milgrey will issue fresh shares, but the size is unknown until the swap ratio is fixed. As an illustration only, Rs 49.80 crore of shares at Rs 42.01 would be about 1.19 crore new shares against 2.15 crore now outstanding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_the_Milgrey_Finance_acquisition_of_Fidus_Parkland_be_completed\"><\/span><strong>When will the Milgrey Finance acquisition of Fidus Parkland be completed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company has indicated completion on or before 31 March 2027. The swap ratio will be set first, guided by independent valuation reports and a fairness opinion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Milgrey_Finance_a_good_stock_to_buy\"><\/span><strong>Is Milgrey Finance a good stock to buy?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. Milgrey Finance shares belong to a small BSE-listed company with negative earnings, rising borrowings and an undisclosed swap ratio, while the real estate entry could add a new business line. Consult a SEBI-registered financial advisor before investing.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Milgrey Finance Fidus Parkland deal?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Milgrey Finance plans to buy a 60% equity stake in Fidus Parkland Private Limited, a real estate company, for Rs 49.80 crore. The board approved the proposal on 21 August 2026, and payment will be through a share swap based on an Rs 83 crore valuation of the target.\"}},{\"@type\":\"Question\",\"name\":\"How much is Milgrey Finance paying for Fidus Parkland?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Milgrey Finance will pay Rs 49.80 crore for the 60% stake, which is 60% of the Rs 83 crore valuation. The payment will be made by allotting fresh Milgrey equity shares, not cash, and the swap ratio is still to be decided.\"}},{\"@type\":\"Question\",\"name\":\"What is Milgrey Finance share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Milgrey Finance share price was Rs 42.01 on BSE at 11:05 AM IST on 24 September 2026, up 3.73% from the previous close of Rs 40.50. The 52-week range is Rs 35.36 to Rs 103.00.\"}},{\"@type\":\"Question\",\"name\":\"Why is Milgrey Finance stock rising today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The company has not linked today's 3.73% gain to any single event. The Milgrey Finance stock has been in focus since the board approved the Fidus Parkland acquisition on 21 August 2026, but it remains about 59% below its 52-week high.\"}},{\"@type\":\"Question\",\"name\":\"Will the Fidus Parkland deal dilute Milgrey Finance shareholders?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Dilution is likely because Milgrey will issue fresh shares, but the size is unknown until the swap ratio is fixed. As an illustration only, Rs 49.80 crore of shares at Rs 42.01 would be about 1.19 crore new shares against 2.15 crore now outstanding.\"}},{\"@type\":\"Question\",\"name\":\"When will the Milgrey Finance acquisition of Fidus Parkland be completed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The company has indicated completion on or before 31 March 2027. The swap ratio will be set first, guided by independent valuation reports and a fairness opinion.\"}},{\"@type\":\"Question\",\"name\":\"Is Milgrey Finance a good stock to buy?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article does not constitute investment advice. Milgrey Finance shares belong to a small BSE-listed company with negative earnings, rising borrowings and an undisclosed swap ratio, while the real estate entry could add a new business line. Consult a SEBI-registered financial advisor before investing.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Milgrey Finance plans to buy 60% of real estate firm Fidus Parkland for Rs 49.80 crore in shares. Here is what the deal means for dilution, the stock and the risks ahead.<\/p>\n","protected":false},"author":34,"featured_media":266748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[7175,7173,7172,849,7176,1278,7174],"class_list":["post-266749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bse-stocks","tag-fidus-parkland","tag-milgrey-finance","tag-real-estate-stocks","tag-share-swap","tag-small-cap-stocks","tag-zmilgfin"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["266748"],"rank_math_title":["Milgrey Finance Share Price: Fidus Parkland 60% Stake Deal"],"rank_math_description":["Milgrey Finance share price is in focus as the board plans a 60% Fidus Parkland stake for Rs 49.80 crore via share swap. See deal terms, dilution math and risks."],"rank_math_focus_keyword":["Milgrey Finance share 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