Danube Industries gains on getting nod to acquire 51% stake in JCR Fashion Retail
Danube Industries is currently trading at Rs. 7.62, up by 0.06 points or 0.79% from its previous closing of Rs. 7.56 on the BSE.
The scrip opened at Rs. 7.66 and has touched a high and low of Rs. 7.66 and Rs. 7.30 respectively. So far 107800 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 7.95 on 19-Nov-2025 and a 52 week low of Rs. 3.00 on 28-Mar-2025.
Last one week high and low of the scrip stood at Rs. 7.66 and Rs. 6.87 respectively. The current market cap of the company is Rs. 68.70 crore.
The promoters holding in the company stood at 39.93%, while Non-Institutions held 60.07% in the company
Danube Industries has received approval for acquisition of controlling stake of around 51% in JCR Fashion Retail, thereby making subsidiary of the company. The object of this acquisition is to achieve strategic expansion, diversification, integration, or investment purposes. The acquisition is to be executed within 9 months.
The board of directors of the company in its meeting held on December 11, 2025, have inter alia, considered and approved the same.
Danube Industries is engaged in various business activities such as to carry on the business of manufacturing of all varieties of pulp, paper, board from conventional and non-conventional raw material and to set up factories.
