Faze Three gains as its arm incorporates wholly owned subsidiary
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Faze Three is currently trading at Rs. 375.30, up by 0.45 points or 0.12% from its previous closing of Rs. 374.85 on the BSE.
The scrip opened at Rs. 386.95 and has touched a high and low of Rs. 386.95 and Rs. 370.00 respectively. So far 10362 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 434.70 on 17-Aug-2022 and a 52 week low of Rs. 251.00 on 23-Feb-2023.
Last one week high and low of the scrip stood at Rs. 405.00 and Rs. 370.00 respectively. The current market cap of the company is Rs. 915.98 crore.
The promoters holding in the company stood at 56.16%, while Institutions and Non-Institutions held 0.12% and 43.72% respectively.
Faze Three’s wholly owned subsidiary – Faze Three US LLC has incorporated a wholly owned subsidiary Company named ‘Faze Three SMS, LLC’ in United States. Accordingly, Faze Three SMS, LLC shall be a step-down subsidiary and related party of the Company. Faze Three SMS, LLC, shall be pursuing business of home textile products in the USA primarily in the wall covering segment along with business partners and stakeholders.
Faze Three manufactures and sells home furnishing products in India. It also offers automotive textiles to OEMs.
