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Binny rises on plan to merge Mohan Breweries and Distilleries, Arthos Breweries with itself

11 Nov 2014 Evaluate

Binny is currently trading at Rs. 127.00, up by 0.90 points or 0.71% from its previous closing of Rs. 126.10 on the BSE.

The scrip opened at Rs. 134.95 and has touched a high and low of Rs. 134.95 and Rs. 127.00 respectively. So far 800 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 197.95 on 11-Jun-2014 and a 52 week low of Rs. 54.60 on 11-Nov-2013.

Last one week high and low of the scrip stood at Rs. 134.95 and Rs. 125.00 respectively. The current market cap of the company is Rs. 283.46 crore.

The promoters holding in the company stood at 74.69% while Institutions and Non-Institutions held 8.08% and 17.23% respectively.

Binny is contemplating merger of Mohan Breweries and Distilleries, a company under the same management along with its subsidiary, Arthos Breweries with itself. The board of directors will meet on November 14, 2014 to transact about the same.

The company will also consider a proposal by Landmark Housing Projects Chennai, with which it has an agreement of sale for 14.16 acres of land, to settle the entire sale consideration.

Binny is engaged in the business of marketing textiles goods, marketing engineering and other products, shipping related business, operating cold storage at Cochin, travel agency business approved by IATA and TAI, real estate and Container Freight Station.

Binny Share Price

145.50 0.00 (0.00%)
08-Jul-2024 16:01 View Price Chart
Peers
Company Name CMP
Welspun Living 132.00
Vardhman Textiles 609.70
Arvind 391.40
K.P.R. Mill 954.00
Page Industries 37535.00
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