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 cost of acquisition is at Rs 20.55 per share. 36.01% shareholding consisting of 17,97,500 equity shares have been acquired for a total consideration of around Rs 3.69 crore.
Fortune International are mainly involved in used second hand clothing, used shoes, used books, CDs, DVDs, Bric-a-brac.
