Baazar Style Retail moves up on executing term sheet to acquire commercial space in West Bengal
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Baazar Style Retail is currently trading at Rs. 366.75, up by 3.15 points or 0.87% from its previous closing of Rs. 363.60 on the BSE.
The scrip opened at Rs. 360.40 and has touched a high and low of Rs. 370.40 and Rs. 357.60 respectively. So far 28028 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 430.95 on 06-Sep-2024 and a 52 week low of Rs. 340.50 on 16-Sep-2024.
Last one week high and low of the scrip stood at Rs. 427.65 and Rs. 357.60 respectively. The current market cap of the company is Rs. 2709.73 crore.
The promoters holding in the company stood at 31.76%, while Non-Institutions held 68.24% stake in the company.
Baazar Style Retail has executed a term sheet intending to acquire a commercial space admeasuring 44,250 sq. ft. more or less located at PS Srijan Tech Park, West Bengal (Proposed Transaction) for a total consideration of Rs 32.5 crore (Proposed Consideration). In furtherance of the said transaction, the company has made a payment of Rs 1 crore as an advance against total proposed consideration. Final deed of the proposed transaction will be concluded in due course.
Baazar Style Retail operates in the value retail sector, offering a diverse range of both apparel and non-apparel consumer goods.
