Kaya shines as its arm acquires entire stake in Kaya Beauty Clinic
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Kaya is currently trading at Rs. 271.30, up by 4.40 points or 1.65% from its previous closing of Rs. 266.90 on the BSE.
The scrip opened at Rs. 275.45 and has touched a high and low of Rs. 272.45 and Rs. 271.30 respectively. So far 5318 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 424.20 on 25-Apr-2022 and a 52 week low of Rs. 243.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 295.00 and Rs. 261.80 respectively. The current market cap of the company is Rs. 348.68 crore.
The promoters holding in the company stood at 59.93%, while Institutions and Non-Institutions held 2.11% and 37.97% respectively.
Kaya’s step down subsidiary -- Kaya Middle East FZE (KME FZE) has acquired a 100% equity stake in Kaya Beauty Clinic - Sole Proprietorship LLC (KBC LLC), a company operating clinics in Al Ain, UAE. Pursuant to the recent changes in regulations which have liberalized foreign ownership, foreign companies can now have 100% ownership in the UAE. Therefore, KME FZE acquired KBC LLC.
Earlier, KME FZE had contractual arrangements in place in respect of the business carried out by KBC LLC (as a sole establishment of the UAE national owner). KME FZE was already operating and obtaining full benefits from the operations and business of KBC LLC.
Kaya is a chain of skin care clinic offering various skin care services and beauty treatment.
