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ABans Enterprises gains on getting nod to acquire Abans Jewels

22 Mar 2019 Evaluate

ABans Enterprisesis currently trading at Rs. 38.70, up by 0.20 points or 0.52% from its previous closing of Rs. 38.50 on the BSE.

The scrip opened at Rs. 38.50 and has touched a high and low of Rs. 38.70 and Rs. 38.50 respectively.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 39.35 on 19-Mar-2019 and a 52 week low of Rs. 5.58 on 22-May-2018.

Last one week high and low of the scrip stood at Rs. 39.35 and Rs. 35.35 respectively. The current market cap of the company is Rs. 53.71 crore.

The promoters holding in the company stood at 74.56%, while Non-Institutions held 25.44% stake in the company.

ABans Enterprises has received approval to acquire Abans Jewels, an entity owned by the company’s Promoter and Managing Director -- Abhishek Bansal and Non - Executive Director -- Shriyam Bansal. The aforesaid investment has potential synergies with trading activities of the Company and it expect growth in the business of target entity and value creation from this investment.

The cost of acquisition is Rs 16.20 per equity share aggregating to total consideration of Rs 5.67 crore for acquiring target entity. The Board of Directors of the Company at its meeting held on March 20, 2019 has approved the same.

ABans Enterprises, formerly known as Matru-Smriti Traders, engaged in the business of trading, processing, broking and consulting in all kind of commodities, agricultural products, base metals, precious metals and stones and trading in commodities, shares and derivatives of all kind in electronic exchanges.

ABans Enterprises Share Price

25.84 -1.28 (-4.72%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 227.50
Adani Enterprises 2228.00
Amrapali Industries 17.36
Rashi Peripheral 474.40
PDS 294.40
View more..

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