Winsome Yarns surges on plan to scout for JV Partner for its Knitting Division

13 Jan 2014

Winsome Yarns is currently trading at Rs. 6.91, up by 0.62 points or 9.86% from its previous closing of Rs. 6.29 on the BSE.

The scrip opened at Rs. 6.82 and has touched a high and low of Rs. 6.91 and Rs. 6.10 respectively. So far 1, 07,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 30.00 on 30-Apr-2013 and a 52 week low of Rs. 6.00 on 09-Jan-2014.

Last one week high and low of the scrip stood at Rs. 7.15 and Rs. 6.00 respectively. The current market cap of the company is Rs. 48.00 crore.

The promoters holding in the company stood at 38.67% while Institutions and Non-Institutions held 0.02% and 33.11% respectively.

Winsome Yarns has accorded its mandate to a Singapore based Merger & Amalgamation Consultant (M&AC) to scout for Joint Venture Partner or strategic Investor for its Knitting Division. Discussions are in advanced stage with two interested parties who intends to acquire majority stake in Knitting Division of the Company.

Winsome Yarn incorporated in 1987 is one of the largest producer of Melange Yarn in India, it produces Melange Yarn for circular knitting, socks, weaving and knitwear. Its count range is NE 10s to NE 80s both carded and combed, single & folded. It also offers Gassed Mercerised Melange.Winsome  yarn is one of Leading and ISO 9002 certified manufacturer exporter of raw white, Compact, melange and dyed yarn made of 100% cotton & cotton/ blends with viscose, polyester, modal, linen, wool, silk etc.

Related Winsome Yarns Ltd. Links:

Winsome Yarns Share Price

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