Vaibhav Global gains on acquiring Shop LC GmbH
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Vaibhav Global is currently trading at Rs. 731.15, up by 5.35 points or 0.74% from its previous closing of Rs. 726.20 on the BSE.
The scrip opened at Rs. 738.80 and has touched a high and low of Rs. 758.60 and Rs. 725.45 respectively. So far 11021 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1057.70 on 10-May-2021 and a 52 week low of Rs. 368.00 on 19-Oct-2020.
Last one week high and low of the scrip stood at Rs. 758.60 and Rs. 706.50 respectively. The current market cap of the company is Rs. 12110.06 crore.
The promoters holding in the company stood at 58.10%, while Institutions and Non-Institutions held 29.68% and 12.22% respectively.
Vaibhav Global has acquired the Shop LC GmbH, Germany from Shop TJC, UK (a step‐down subsidiary of the Company). The main aim of the acquisition is to expand business in Germany by selling the products to the retail consumers via television and ecommerce websites. The Company has acquired Shop LC GmbH, Germany by complying with all applicable provisions of FEMA & other applicable regulations regarding Overseas Investment etc
Vaibhav Global earlier known as Vaibhav Gems incorporated in Jaipur in 1989, is today a professionally managed, end-to-end vertically integrated business organization.
