Dreamfolks Services rises on getting nod to acquire 60% stake in Vidsur Golf
Dreamfolks Services is currently trading at Rs. 440.65, up by 4.20 points or 0.96% from its previous closing of Rs. 436.45 on the BSE.
The scrip opened at Rs. 432.05 and has touched a high and low of Rs. 445.00 and Rs. 432.05 respectively. So far 6203 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 550.00 on 06-Sep-2022 and a 52 week low of Rs. 348.20 on 27-Dec-2022.
Last one week high and low of the scrip stood at Rs. 445.00 and Rs. 418.75 respectively. The current market cap of the company is Rs. 2300.83 crore.
The promoters holding in the company stood at 67.00%, while Institutions and Non-Institutions held 20.17% and 12.83% respectively.
Dreamfolks Services has received approval to acquire 60% equity shares of Vidsur Golf (Vidsur). Upon completion of such acquisition Vidsur will become a subsidiary of the Company. The objective of acquisition is for business expansion. The Board of Directors of Dreamfolks Services at their meeting held on March 01, 2023 has considered and approved the same. In meeting, the Board of Directors also approved the proposal for incorporation of a subsidiary Company in Singapore.
DreamFolks is India's largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging our proprietary technology solutions.
