Monte Carlo Fashions rises on making further investment of Rs 3.50 crore in MCHTL
Monte Carlo Fashions is currently trading at Rs. 642.40, up by 2.10 points or 0.33% from its previous closing of Rs. 640.30 on the BSE.
The scrip opened at Rs. 644.50 and has touched a high and low of Rs. 651.85 and Rs. 643.00 respectively. So far 58 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 907.55 on 15-Sep-2022 and a 52 week low of Rs. 424.90 on 30-May-2022.
Last one week high and low of the scrip stood at Rs. 653.00 and Rs. 587.45 respectively. The current market cap of the company is Rs. 1347.79 crore.
The promoters holding in the company stood at 73.17%, while Institutions and Non-Institutions held 2.43% and 24.40% respectively.
Monte Carlo Fashions has made further investment to the extent of Rs 3.50 crore in Monte Carlo Home Textiles (MCHTL), Wholly Owned Subsidiary Company incorporated on December 3, 2021. Securities are acquired at Face Value of Rs 10 each and number of securities acquired is 35,00,000 equity shares of Rs 10 each i.e. Rs 3,50,00,000. Now, the total amount of investment made in MCHTL is Rs 8.70 crore
Monte Carlo Fashions manufactures and distributes men’s and women’s apparel.
