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Sharyans Resources shines on entering into SPA to acquire 634,329 equity shares of FFSIL

29 Nov 2013 Evaluate

Sharyans Resources is currently trading at Rs. 35.25, up by 0.10 points or 0.28% from its previous closing of Rs. 35.15 on the BSE.

The scrip opened at Rs. 35.50 and has touched a high and low of Rs. 36.00 and Rs. 34.50 respectively. So far 10,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 61.00 on 28-Mar-2013 and a 52 week low of Rs. 25.30 on 28-Oct-2013.

Last one week high and low of the scrip stood at Rs. 38.90 and Rs. 34.05 respectively. The current market cap of the company is Rs. 61.00 crore.

The promoters holding in the company stood at 55.31% while Institutions and Non-Institutions held 7.87% and 36.82% respectively.

Sharyans Resources has entered into a Share Purchase Agreement (SPA) with Nimish C Shah and his relatives, shareholders and promoters of Fortune Financial Services (India) (FFSIL), for acquiring 634,329 equity shares of FFSIL, subject to approval of relevant statutory authorities.

Sharyans Resources was established in October 1982 in Calcutta, to carry on the business of leasing, hire-purchase and investment in securities. The company focuses on acquiring and investing in financial assets and real estate.

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