Barbeque-Nation Hospitality gains on acquiring additional stake in Red Apple
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Barbeque-Nation Hospitality is currently trading at Rs. 568.75, up by 5.35 points or 0.95% from its previous closing of Rs. 563.40 on the BSE.
The scrip opened at Rs. 563.40 and has touched a high and low of Rs. 568.80 and Rs. 548.55 respectively. So far 10466 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 791.10 on 28-Sep-2023 and a 52 week low of Rs. 463.35 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 581.85 and Rs. 548.00 respectively. The current market cap of the company is Rs. 2162.10 crore.
The promoters holding in the company stood at 33.71%, while Institutions and Non-Institutions held 40.56% and 25.73% respectively.
Barbeque-Nation Hospitality has fully completed the acquisition of 270 equity shares of Red Apple Kitchen Consultancy (Red Apple), a Subsidiary of the Company, in 2 tranches on August 9, 2024 and August 12, 2024. Post the aforesaid acquisition, the shareholding of the Company in the said Subsidiary stands increased to 86.57%.
Barbeque-Nation Hospitality is one of the leading casual dining chains in India, the company pioneered the concept of 'over the table barbeque' live grills embedded in dining tables - allowing guests to grill their own barbecue’s right at their tables.
