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Provogue gains on forming joint venture with Super Fight League

05 Dec 2012

Provogue (India) is currently trading at Rs 16.60, up by 0.35 points or 2.15% from its previous closing of Rs 16.25 on the BSE.

The scrip opened at Rs 16.35 and has touched a high and low of Rs 16.70 and Rs 15.90 respectively. So far 215402 shares were traded on the counter.

The BSE group 'B' stock of face value Re 1 has touched a 52 week high of Rs 36.40 on 27-Feb-2012 and a 52 week low of Rs 11.15 on 18-May-2012.

Last one week high and low of the scrip stood at Rs 16.70 and Rs 14.75 respectively. The current market cap of the company is Rs 185.83 crore.

The promoters holding in the company stood at 46.64% while Institutions and Non-Institutions held 8.92% and 44.44% respectively.

Provogue, apparel firm has entered into an equal joint venture with Raj Kundra’s Super Fight League (SFL) to be called Pro SFL that will hawk the merchandise of mixed martial arts events. This joint venture will first focus on the western region before looking at a national roll-out. SFL specializes in mixed martial art and is promoted by Raj Kundra and actor Sanjay Dutt.

Provogue (India) is engaged in retailing of apparels and accessories in men and women segment. Provogue fashions and accessories were available across 124 Provogue stores and 104 national chain store locations.

Related Provogue (India) Ltd. Links:

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SEBI Registered: Investment Adviser - INA000013323