Uma Exports rises on getting board`s approval for acquisition of Graincomm Australia
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Uma Exports is currently trading at Rs. 48.55, up by 0.65 points or 1.36% from its previous closing of Rs. 47.90 on the BSE.
The scrip opened at Rs. 47.90 and has touched a high and low of Rs. 48.95 and Rs. 47.90 respectively. So far 327 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 92.60 on 11-Apr-2022 and a 52 week low of Rs. 42.15 on 06-May-2022.
Last one week high and low of the scrip stood at Rs. 50.75 and Rs. 47.05 respectively. The current market cap of the company is Rs. 161.95 crore.
The promoters holding in the company stood at 72.54%, while Institutions and Non-Institutions held 0.28% and 27.18% respectively.
Uma Exports has received Board of Directors approval for the acquisition of Graincomm Australia, a company incorporated in Australia, through acquisition of 100% shareholding in the said Australian company. After acquisition of its 100% shareholding, Graincomm Australia shall become a wholly owned subsidiary of the Company. The company is acquiring Graincomm Australia in order to have presence in the Australian agri market. The cost of acquisition will be AUD 10,000.
Uma Exports is engaged into trading and marketing of agricultural produce and commodities such as sugar, spices like dry red chillies, turmeric, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soyabean meal and rice bran de-oiled cake
