Halder Venture shines on entering into agreement to acquire 100% stake in Hal Exim
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Halder Venture is currently trading at Rs. 266.10, up by 8.80 points or 3.42% from its previous closing of Rs. 257.30 on the BSE.
The scrip opened at Rs. 265.85 and has touched a high and low of Rs. 266.10 and Rs. 257.35 respectively. So far 165 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 372.00 on 12-Sep-2023 and a 52 week low of Rs. 241.20 on 13-Jun-2023.
Last one week high and low of the scrip stood at Rs. 276.90 and Rs. 250.00 respectively. The current market cap of the company is Rs. 84.11 crore.
The promoters holding in the company stood at 65.68%, while Non-Institutions held 34.32% stake in the company.
Halder Venture has entered into an agreement to acquire 100% of shareholding of Hal Exim, a company incorporated on July 26, 2016. As a result of this investment, the company shall become a holding Company of Hal Exim, whereby Hal Exim shall become a wholly- owned subsidiary of the company.
Hal Exim is engaged in the industry of retail and wholesale trade of Groceries, Farm Products, Raw Materials, Polished and Unpolished Rice, and such related products. Since the company earns its turnover from sale (export) of rice and palm oil, both being farm products, this acquisition will enhance foreign customer base and exports of the company.
The company is mainly engaged in Trading of rice as its principal business.
