Visagar Financial Services touches roof on receiving expression of interest from Alliance Global Blanco
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Visagar Financial Services is currently trading at its upper limit of Rs. 1.13, up by 0.05 points or 4.63% from its previous closing of Rs. 1.08 on the BSE.
The scrip opened at Rs. 1.13 and has touched a high and low of Rs. 1.13 and Rs. 1.13 respectively. So far 346738 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 1.49 on 04-Jan-2023 and a 52 week low of Rs. 0.61 on 23-Nov-2022.
Last one week high and low of the scrip stood at Rs. 1.18 and Rs. 1.00 respectively. The current market cap of the company is Rs. 65.98 crore.
The promoters holding in the company stood at 5.44%, while Non-Institutions held 94.56% stake in the company.
Visagar Financial Services has received an expression of interest from Alliance Global Blanco, a wealth and asset management company from UK, expressing their intent in acquiring a stake of up to 24% in the Company.
The expression of interest is subject to further consideration and approval by the Board of Directors, Shareholders, and the Stock Exchange. Additionally, the proposed acquisition will be in compliance with all applicable regulatory guidelines.
The company is presently engaged in the business of bill discounting and in the business of trading in shares and securities.
