K S Oils gains on taking steps to re-organize edible oil business

20 Aug 2013

K S Oils is currently trading at Rs. 1.54, up by 0.03 points or 1.99% from its previous closing of Rs. 1.51 on the BSE.

The scrip opened at Rs. 1.58 and has touched a high and low of Rs. 1.58 and Rs. 1.45 respectively. So far 54303 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 5.40 on 25-Sep-2012 and a 52 week low of Rs. 1.14 on 27-Jun-2013.

Last one week high and low of the scrip stood at Rs. 1.62 and Rs. 1.41 respectively. The current market cap of the company is Rs. 68.88 crore.

The promoters holding in the company stood at 7.54% while Institutions and Non-Institutions held 4.19% and 88.28% respectively.

K S Oils is taking various steps in order to re-organize edible oil business of the company. The company is proposing to explore the possibility of reorganizing the existing businesses and corporate structure of the company and/or induction of potential financial or strategic investor(s) in the same.

By this process, the company is exploring all options, including, sale of whole or part of its Edible Oils Business in order to repay the lenders, and the company is approaching shareholders for their approval of the same.

K S Oils is one of the India’s Leading integrated edible oil companies. The company manufactures mustard oil, soybean oil, palm oil and vanaspati. It is leader in mustard oil in India and commands 7% market share in the overall mustard oil segment with a dominant 25% market leadership in branded mustard oil.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323