Khadim India inches up on incorporating wholly owned subsidiary
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Khadim India is currently trading at Rs. 275.45, up by 0.05 points or 0.02% from its previous closing of Rs. 275.40 on the BSE.
The scrip opened at Rs. 278.95 and has touched a high and low of Rs. 279.85 and Rs. 272.40 respectively. So far 1417 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 333.00 on 11-Oct-2022 and a 52 week low of Rs. 174.90 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 289.80 and Rs. 261.60 respectively. The current market cap of the company is Rs. 494.61 crore.
The promoters holding in the company stood at 60.27%, while Institutions and Non-Institutions held 5.87% and 33.86% respectively.
Khadim India has incorporated a wholly owned subsidiary (WOS) in the name of ‘KSR Footwear’. The WOS would be engaged in the field of Footwear Manufacturing and Wholeselling.
The WOS has been incorporated for the purpose of proposed Demerger of the Distribution Business of the Company which is currently under evaluation by the Board of Directors.
Khadim India operates as a footwear retailer in India under the brand Khadim’s.
