Bombay Burmah Trading Corporation shines as its arm incorporates two wholly-owned subsidiaries
Bombay Burmah Trading Corporation is currently trading at Rs. 1779.60, up by 58.75 points or 3.41% from its previous closing of Rs. 1720.85 on the BSE.
The scrip opened at Rs. 1798.10 and has touched a high and low of Rs. 1798.10 and Rs. 1768.05 respectively. So far 1136 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2972.60 on 01-Oct-2024 and a 52 week low of Rs. 1322.55 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 1923.55 and Rs. 1652.25 respectively. The current market cap of the company is Rs. 12394.63 crore.
The promoters holding in the company stood at 74.05%, while Institutions and Non-Institutions held 11.08% and 14.87% respectively.
Bombay Burmah Trading Corporation’s wholly-owned step-down subsidiary -- Restpoint Investments has incorporated two wholly-owned subsidiaries in Mauritius namely Associated Biscuit Investments Mauritius (ABIML) and Restpoint Investments Mauritius (RIML). These two companies are yet to commence business. Thereafter, the shares of ABIML were transferred to RIML. Thus, ABIML and RIML have become the step-down Subsidiaries of the corporation.
Bombay Burmah Trading Corporation is a multi-product and multi-divisional organisation with diverse business interests viz. plantations (tea and coffee), auto electric components, healthcare, real estate and weighing products.
