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Fortune International acquires 36% stake in Fortune Stones

20 Aug 2018 Evaluate

Fortune International has acquired 36.01% of equity shares of Fortune Stones pursuant to the acquisition of shares from existing shareholder done at arm length basis. The said transaction was made with a motive to strengthen the presence in the mining business. The time period for completion of the acquisition 30 working days.

Fortune International are mainly involved in used second hand clothing, used shoes, used books, CDs, DVDs, Bric-a-brac.

Peers
Company Name CMP
Redington 328.50
Adani Enterprises 2706.00
Amrapali Industries 34.77
Maxgrow India 175.30
Rashi Peripheral 674.15
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