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Vardhman Textiles trades jubilantly on Baring India stake buy

12 Mar 2014

Vardhman Textiles is currently trading at Rs. 341.05, up by 11.60 points or 3.52% from its previous closing of Rs. 329.45 on the BSE.

The scrip opened at Rs. 330.00 and has touched a high and low of Rs. 343.75 and Rs. 330.00 respectively. So far 2807 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 410.25 on 22-Nov-2013 and a 52 week low of Rs. 241.00 on 27-May-2013.

Last one week high and low of the scrip stood at Rs. 347.50 and Rs. 326.35 respectively. The current market cap of the company is Rs. 2174.98 crore.

The promoters holding in the company stood at 61.85% while Institutions and Non-Institutions held 23.79% and 14.36% respectively.

Baring India has bought an additional stake of 1.2% in Vardhman Textiles for a total consideration of Rs 25 crore via open market. The private equity fund has purchased 762,964 shares of total equity of Vardhman Textiles at Rs 327.92 per share.

As on December 31, 2013, the private equity fund held 1.95% stake in Vardhman Textiles.

Vardhman Textiles, incorporated in 1973, is one of the pioneers in textile industry with operations in the segments of yarn, sewing thread, steel, and fabric.

Related Vardhman Textiles Ltd. Links:

Vardhman Textiles Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323