Malabar Trading Company is currently locked at its upper circuit limit of Rs. 7.67, up by 0.15 points or 1.99% from its previous closing of Rs. 7.52 on the BSE.
The scrip opened at Rs. 7.67 and has touched a high and low of Rs. 7.67 and Rs. 7.67 respectively.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 7.67 on 23-Feb-2012 and a 52 week low of Rs. 5.15 on 26-Dec-2011.
Last one week high and low of the scrip stood at Rs7.67 and Rs. 7.38 respectively. The current market cap of the company is Rs. 8.32 crore.
The promoters holding in the company stood at 52.91% while Non-Institutions held 47.09%.
Malabar Trading Company has received an approval to acquire strategic majority stake in IADFAC Laboratories (ILPL). Pursuant to the said acquisition ILPL would become its subsidiary with substantial holding. The board at its meeting held on February 22, 2012 has approved for the same.
Further, the board has authorized managing director to take all steps to complete the acquisition.
IADFAC Laboratories is a company engaged in lab testing of dairy and food products. ILPL has ISO 17025 Certification, BIS, Egmark & more. It has some blue-chip clients in its fold like Wipro Technologies, SAP Systems and Hindustan Unilever and many more.
Malabar Trading Company is primarily an online tea store offering a wide range selection of premium single estate loose leaf teas, signature chai blends, unique herbal tisanes and tea accessories.
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