Vaibhav Global soars on acquiring stake in Encase Packaging
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Vaibhav Global is currently trading at Rs. 411.35, up by 10.15 points or 2.53% from its previous closing of Rs. 401.20 on the BSE.
The scrip opened at Rs. 409.90 and has touched a high and low of Rs. 415.15 and Rs. 407.40 respectively. So far 2387 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. 375.00 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 419.80 and Rs. 398.00 respectively. The current market cap of the company is Rs. 6578.61 crore.
The promoters holding in the company stood at 58.08%, while Institutions and Non-Institutions held 29.31% and 12.61% respectively.
Vaibhav Global has acquired, by way of preferential allotment, 30,00,000 equity shares having face value of Rs 10 each of Encase Packaging at a price of Rs 13.33 per equity share amounting to Rs. 3.99 crore on March 15, 2022. Consequent to the said allotment, the Company holds 60% of the total paid-up equity share capital of Encase Packaging being a holding Company.
Vaibhav Global earlier known as Vaibhav Gems incorporated in Jaipur in 1989, is today a professionally managed, end-to-end vertically integrated business organization.
