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Mukand gains with arm acquiring remaining 81.30% stake in Adore

02 May 2018 Evaluate

Mukand is currently trading at Rs. 73.60, up by 0.70 points or 0.96% from its previous closing of Rs. 72.90 on the BSE.

The scrip opened at Rs. 74.00 and has touched a high and low of Rs. 74.60 and Rs. 72.35 respectively. So far 28,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 109.00 on 24-Oct-2017 and a 52 week low of Rs. 58.15 on 28-Mar-2018.

Last one week high and low of the scrip stood at Rs. 74.60 and Rs. 68.05 respectively. The current market cap of the company is Rs. 1,040.75 crore.

The promoters holding in the company stood at 73.12%, while Institutions and Non-Institutions held 3.84% and 23.04% respectively.

Mukand’s wholly owned subsidiary -- Mukand Global Finance (MGFL) has acquired balance 81.30% equity shares in Adore Traders and Realtors (Adore) on April 30, 2018 at Re 1 per share. Consideration for acquisition of shares of Adore by MGFL has been paid in cash. Main objective of acquisition of Adore by MGFL is to streamline and growth of its operating business. MGFL was holding 18.70% equity shares in Adore.

Mukand is engaged in manufacturing of alloy and stainless steel long products.

Mukand Share Price

132.00 -0.15 (-0.11%)
30-Jun-2026 10:51 View Price Chart
Peers
Company Name CMP
Tata Steel 188.00
JSW Steel 1234.00
Steel Authority 172.00
Jindal Stainless 692.05
APL Apollo Tubes 1789.50
View more..

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