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Aditya Birla Nuvo inches up on the bourses

10 Apr 2013 Evaluate

Aditya Birla Nuvo is currently trading at Rs. 943.20, up by 2.10 points or 0.22% from its previous closing of Rs. 941.10 on the BSE.

The scrip opened at Rs. 942.00 and has touched a high and low of Rs. 952.05 and Rs. 935.05 respectively. So far 2,518 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1190.95 on 23-Jan-2013 and a 52 week low of Rs. 726.00 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 1009.60 and Rs. 930.00 respectively. The current market cap of the company is Rs. 10,708 crore.

The promoters holding in the company stood at 53.76% while Institutions and Non-Institutions held 28.20% and 15.39% respectively.

Aditya Birla Nuvo has received an approval from High Court of Bombay on  March 01, 2013 for Scheme of Arrangement between Pantaloons Retail (India) [now known as Future Retail (PRIL)] and Peter England Fashions and Retail (PEFRL), and their respective shareholders and creditors and Indigold Trade and Services as shareholder of PEFRL and a certified copy of the Order has been filed with the Registrar of Companies, Maharashtra.

The Board of Directors of PEFRL at its meeting held on April 08, 2013, has declared the Scheme effective from April 08, 2013. Accordingly, the Pantaloons Fashion Retail Business of PRIL has been transferred by way of demerger to PEFRL with effect from the Effective Date.

Aditya Birla Nuvo operates in areas like financial services, telecom, fashion and lifestyle, IT and ITES, agri products, yarn and textile manufacturing

Peers
Company Name CMP
Grasim Industries 3103.15
DCM Shriram 1022.35
3M India 32281.10
Hindustan Foods 536.50
Balmer Lawrie & Co 181.00
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