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Bang Overseas jumps on acquiring 99.99% stake in A.S. Raiment

05 Jul 2012 Evaluate

Bang Overseas is currently trading at Rs. 21.75, up by 3.55 points or 19.51% from its previous closing of Rs. 18.20 on the BSE.

The scrip opened at Rs. 21.75 and has touched a high and low of Rs. 21.75 and Rs. 21.75 respectively. So far 1,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 29.50 on 24-Aug-2011 and a 52 week low of Rs. 13.00 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 21.75 and Rs. 15.05 respectively. The current market cap of the company is Rs. 29.00 crore.

The promoters holding in the company stood at 68.06% while Non-Institutions held 31.94% respectively.

Bang Overseas has acquired A.S. Raiment, a private limited company incorporated under the Companies Act, 1956, having its registered office at Visakhapatnam. The company has acquired 450,000 equity shares of Rs 10 constituting a stake of 99.99% in A.S. Raiment.

A. S. Raiment has a manufacturing unit at Visakhapatnam with a capacity of approximately 3.50 lakhs pieces per year.

Bang Overseas is one of the leading manufacturers and exporters of men's wear. It also deals in providing rare services like concept development, designing, manufacturing to logistic and marketing. Headquartered in Mumbai, the fast growing company was established in the year 1992.

Bang Overseas Share Price

39.40 2.28 (6.14%)
21-Apr-2026 09:26 View Price Chart
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