Integra Essentia gains on entering into MoU to acquire substantial stake in On Door Concepts
Integra Essentia is currently trading at Rs. 8.05, up by 0.04 points or 0.50% from its previous closing of Rs. 8.01 on the BSE.
The scrip opened at Rs. 8.01 and has touched a high and low of Rs. 8.27 and Rs. 7.95 respectively. So far 48372 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 8.98 on 24-Aug-2022 and a 52 week low of Rs. 1.20 on 13-Dec-2021.
Last one week high and low of the scrip stood at Rs. 8.45 and Rs. 7.60 respectively. The current market cap of the company is Rs. 367.91 crore.
The promoters holding in the company stood at 20.81%, while Institutions and Non-Institutions held 1.83% and 77.35% respectively.
Integra Essentia has entered into Memorandum of Understanding (MoU) to acquire substantial stake in On Door Concepts, a company engaged in the business of multi brand retail stores. The targeted transaction is in line with the Integra’s business strategy to expand its retail presence by organic and/or inorganic routes, and is subject to due diligence and compliance of certain other terms.
Targeted addition of On Door retail chain stores will strengthen Integra's domestic leadership position life essentials business, and builds upon its successful forward integration of retail chain of store business of On Door Concepts into Integra portfolio of Business.
Integra Essentia is a Delhi based company engaged in business of Life Essentials i.e. Food (Agro Products), Clothing (Textiles and Garments), Infrastructure (Materials and Services for Construction and Infrastructure Development) and Energy (Materials, Products and Services for the Renewable Energy Equipment and Projects) and many more Products and Services required to sustain the modern life.
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