30-04-2024 03:17 PM | Source: Accord Fintech
Kings Infra Ventures jumps on inking MoU with CIFT

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Kings Infra Ventures is currently trading at Rs. 176.00, up by 3.50 points or 2.03% from its previous closing of Rs. 172.50 on the BSE.

The scrip opened at Rs. 169.30 and has touched a high and low of Rs. 183.95 and Rs. 168.50 respectively. So far 42474 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 236.80 on 06-Feb-2024 and a 52 week low of Rs. 102.00 on 07-Jul-2023.

Last one week high and low of the scrip stood at Rs. 183.95 and Rs. 168.50 respectively. The current market cap of the company is Rs. 427.74 crore.

The promoters holding in the company stood at 68.78%, while Non-Institutions held 31.22% stake in the company.

Kings Infra Ventures has signed a Memorandum of Agreement (MoU) with the Central Institute of Fisheries Technology (CIFT) on April 29, 2024 for developing ready-to-eat and serve frozen fish products. This agreement will facilitate the Technology Transfer of ready-to-heat and serve frozen products for which the institute shall provide the technical assistance, all technical know-how and hands-on training to the personnel from Kings Infra. 

The company already has a MoU with CIFT for transfer of technology and development of Ready-to-Eat seafood using retort packing. ICAR-CIFT is a technology Institute in India, under ICAR, which caters to the entire spectrum of fisheries from harvest to post-harvest operations. The Institute provides technologies and services to the fishing and fish processing industries in the areas of craft and gear, processing including product development, packaging and waste utilisation, nutrition, microbiology and biotechnology, engineering, quality assurance and socio-economics and extension.

Kings Infra Ventures is pioneer in India's seafood and aquaculture industry was originally registered as ‘Victory Aqua Farm’.