Uma Exports shines on getting board`s approval for incorporation Joint Venture Subsidiary
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Uma Exports is currently trading at Rs. 51.10, up by 1.05 points or 2.10% from its previous closing of Rs. 50.05 on the BSE.
The scrip opened at Rs. 49.10 and has touched a high and low of Rs. 51.10 and Rs. 49.10 respectively. So far 233 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. 40.00 on 24-Nov-2022.
Last one week high and low of the scrip stood at Rs. 53.00 and Rs. 49.10 respectively. The current market cap of the company is Rs. 169.22 crore.
The promoters holding in the company stood at 72.54%, while Institutions and Non-Institutions held 0.02% and 27.44% respectively.
Uma Exports has received Board of Directors approval for the incorporation of a Joint Venture (JV) Subsidiary company in the name of Qute Cottons and to invest in such JV subsidiary an amount of Rs 75 lakh for 75% shareholding in the said company.
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.
