Mafatlal Industries rises on incorporating new subsidiary
Mafatlal Industries is currently trading at Rs. 127.00, up by 1.45 points or 1.15% from its previous closing of Rs. 125.55 on the BSE.
The scrip opened at Rs. 127.00 and has touched a high and low of Rs. 127.20 and Rs. 126.10 respectively. So far 2167 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 216.50 on 01-Aug-2024 and a 52 week low of Rs. 111.50 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 127.20 and Rs. 123.55 respectively. The current market cap of the company is Rs. 903.29 crore.
The promoters holding in the company stood at 69.53%, while Institutions and Non-Institutions held 0.88% and 29.59% respectively.
Mafatlal Industries has incorporated its new subsidiary, Mafatlal Apparel Exports (Subsidiary), in which Mafatlal holds a 51% equity stake. This strategic move marks the company’s formal entry into the global garment and apparel export market, reinforcing its commitment to diversification and international expansion. This newly formed subsidiary is being incorporated in collaboration with Sagar Birnale, a seasoned professional, who brings over two decades of hands-on experience in sourcing, manufacturing, and fashion retail.
The subsidiary will have a paid-up capital of Rs 2.50 crore, with Mafatlal Industries holding a 51% stake and Birnale holding the remaining 49% stake. This investment will be executed in a phased manner. In phase 1, the company will invest Rs 0.51 crore out of the initial investment of Rs 1.00 crore. The remaining investment will take place in the second phase.
In line with the company’s growth strategy, this subsidiary will operate as a Garment Buying House, dedicated for sourcing and delivering high quality apparel to leading multinational brands. The subsidiary will focus on fashion and casual wear, catering to international clients, including leading global retailers and buying houses across the globe.
Mafatlal Industries is engaged in manufacture of textiles and textile chemicals.
