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Vimal Oil & Foods rises on getting nod to acquire 100% stake in Brinda Exports

28 Aug 2015 Evaluate

Vimal Oil & Foods is currently trading at Rs. 81.10, up by 0.30 points or 0.37% from its previous closing of Rs. 80.80 on the BSE.

The scrip opened at Rs. 87.00 and has touched a high and low of Rs. 87.00 and Rs. 79.20 respectively. So far 8548 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 278.00 on 29-Jan-2015 and a 52 week low of Rs. 68.00 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 87.00 and Rs. 68.00 respectively. The current market cap of the company is Rs. 119.86 crore.

The promoters holding in the company stood at 73.98% while Institutions and Non-Institutions held 0.01% and 26.01% respectively.

Vimal Oil & Foods has acquired/ purchased 100% equity shares of Brinda Exports. Pursuant to this, Brinda Exports becomes wholly-owned subsidiary of the company. The board of directors at its meeting held on August 27, 2015 has approved for the same.

Besides, during the quarter, the company has sold its investment in Vimal Dairy which was not material subsidiary company. As such, Vimal Dairy ceased to be subsidiary of the Vimal Oil & Foods.

Vimal Oil & Foods has evolved into fully integrated, oil-processing complex that is into seed crushing (200 TPD), solvent extraction (200 TPD) and oil refining (300TPD).

 

Vimal Oil & Foods Share Price

4.89 0.00 (0.00%)
13-Jan-2020 18:01 View Price Chart
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