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Stanrose Mafatlal Investments surges on plan to acquire entire stake in Stan Plaza

16 Mar 2015 Evaluate

Stanrose Mafatlal Investments & Finance is currently trading at Rs. 135.50, up by 6.10 points or 4.71% from its previous closing of Rs 129.40 on the BSE.

The scrip opened at Rs 128.20 and has touched a high and low of Rs 135.50 and Rs 128.20 respectively.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 158.80 on 15-Jan-2015 and a 52 week low of Rs. 70.10 on 20-Mar-2014.

Last one week high and low of the scrip stood at Rs. 138.80 and Rs 126.20 respectively. The current market cap of the company is Rs. 53.77 crore.

The promoters holding in the company stood at 48.37% while Institutions and Non-Institutions held 10.79% and 40.84% respectively.

Stanrose Mafatlal Investments & Finance has agreed to acquire entire equity shareholding in Stan Plaza from Standard Industries on arm’s length basis. The completion of purchase of equity shares of Stan Plaza is subject to the terms and conditions specified in the Share Purchase Agreement.

This step has been taken pursuant to a Share Purchase Agreement executed on March 13, 2015 between the company, Standard Industries (a company under Promoter Group) and Stan Plaza (one of the wholly owned and non-material subsidiary of Standard Industries).

Stanrose Mafatlal Investments & Finance is an India-based company. The company is engaged in the business of inter-corporate investments, capital market activities and financing.

StanroseMafatlal Inv Share Price

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