Rajapalayam Mills moves up on acquiring additional stake in M/s Clean Max Opus
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Rajapalayam Mills is currently trading at Rs. 729.00, up by 8.10 points or 1.12% from its previous closing of Rs. 720.90 on the BSE.
The scrip opened at Rs. 730.00 and has touched a high and low of Rs. 730.00 and Rs. 720.00 respectively. So far 523 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 917.97 on 15-Sep-2022 and a 52 week low of Rs. 551.00 on 29-Mar 2023.
Last one week high and low of the scrip stood at Rs. 748.20 and Rs. 714.00 respectively. The current market cap of the company is Rs. 672.15 crore.
The promoters holding in the company stood at 55.42%, while Institutions and Non-Institutions held 0.44% and 44.15% respectively.
Rajapalayam Mills has acquired additional 10,261 equity shares of M/s Clean Max Opus having face value of Rs 10 each for the value of R 5.41 crore, consequent to the above purchase company’s total holding in M/s. Clean Max Opus increased from 1,660 Equity Shares to 11,921 equity shares. The object of acquiring the Shares of M/s. Clean Max Opus by the Company and other Group Companies is to purchase Solar power under Group Captive mode.
Rajapalayam Mills is engaged in the manufacture and sale of yarns.
