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Future Consumer soars on plan to acquire 35% stake in Sarjena Foods

20 Jun 2014 Evaluate

Future Consumer Enterprise is currently trading at Rs. 8.30, up by 0.30 points or 3.75% from its previous closing of Rs. 8.00 on the BSE.

The scrip opened at Rs. 8.01 and has touched a high and low of Rs. 8.43 and Rs. 8.00 respectively. So far 56366 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 6 has touched a 52 week high of Rs. 9.47 on 11-Jun-2014 and a 52 week low of Rs. 4.51 on 26-Nov-2013.

Last one week high and low of the scrip stood at Rs. 8.82 and Rs. 7.10 respectively. The current market cap of the company is Rs. 1302.35 crore.

The promoters holding in the company stood at 41.14% while Institutions and Non-Institutions held 19.77% and 39.09% respectively.

Future Consumer Enterprise has received an approval for making investment in Sarjena Foods, by way of acquisition of 35% stake in the company. The board of directors at its meeting held on June 19, 2014 has approved for the same.

Sarjena Foods is engaged in the business of manufacturing and distribution of branded bakery products under the name and style ‘Baker Street’.

Future Consumer Enterprise is the alternate investment arm of Future Group, India's largest retailer. The Future Group is a business group, led by Kishore Biyani, focusing on consumption-led businesses in India and is also one of India’s leading organized multi-format retailers.

 

Future Consumer Share Price

0.34 0.00 (0.00%)
27-Apr-2026 16:59 View Price Chart
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