RR Metalmakers surges on getting nod to divest entire stake in RR Lifecare
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RR Metalmakers India is currently trading at Rs. 48.40, up by 1.55 points or 3.31% from its previous closing of Rs. 46.85 on the BSE.
The scrip opened at Rs. 48.75 and has touched a high and low of Rs. 48.75 and Rs. 46.10 respectively. So far 1244 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 72.35 on 20-Jan-2022 and a 52 week low of Rs. 26.00 on 07-Jul-2022.
Last one week high and low of the scrip stood at Rs. 48.75 and Rs. 41.80 respectively. The current market cap of the company is Rs. 36.87 crore.
The promoters holding in the company stood at 66.16% and Non-Institutions held 33.84%.
RR Metalmakers India has received approval for the proposal for divestment of 100% equity stake/investment held in its wholly owned subsidiary company, RR Lifecare, to the promoters group Company i.e RKB Global. The company, is holding 5 lakh equity shares, constituting 100% paid up & issued capital of RR Lifecare. RR Lifecare is not a matterial subsidiary of the company. After the proposed transaction, RR Lifecare will no longer be a subsidiary of the Company. The company's Board of Directors, at its meeting held on September 16, 2022, inter alia, considered and approved the same.
RR Metalmakers India deals mainly in cereals, pulses and onion export. Its products exported worldwide are of superior quality.
