BN Holdings surges on infusing subscription amount of $1.2 Million in BN Holdings Europe
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BN Holdings is currently trading at Rs. 177.90, up by 4.90 points or 2.83% from its previous closing of Rs. 173.00 on the BSE.
The scrip opened at Rs. 177.90 and has touched a high and low of Rs. 177.90 and Rs. 177.90 respectively. So far 65 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 233.10 on 22-Feb-2024 and a 52 week low of Rs. 53.64 on 17-Jul-2023.
Last one week high and low of the scrip stood at Rs. 181.75 and Rs. 160.65 respectively. The current market cap of the company is Rs. 176.09 crore.
The promoters holding in the company stood at 58.60%, while Non-Institutions held 41.40% stake in the company.
BN Holdings has infused a subscription amount i.e. $1.2 Million (Rs 10.02 crore) to its wholly owned subsidiary (WOS) BN Holdings Europe at London, England (BN Europe) on July 4, 2024, to acquire further ordinary shares of BN Europe. This subsidiary is a private company limited by shares. Objective of further investment in BN Europe is to make further investment for the purpose of business expansion and efficient management of overseas operations. The company currently holds 100% shares of BN Europe. The company shall continue to hold 100% shares of BN Europe.
BN Holdings is primarily engaged in manufacturing and trading various kinds of oil, oil seeds, solvent extraction, extracted oil cakes, and refined oil.
