Maharaja & Speedex India moves up on investing Rs 19.80 crore in Dewdrop Bottles
Maharaja & Speedex India is currently trading at Rs. 242.75, up by 1.10 points or 0.46% from its previous closing of Rs. 241.65 on the BSE.
The scrip opened at Rs. 242.00 and has touched a high and low of Rs. 243.45 and Rs. 237.00 respectively. So far 21600 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 274.00 on 01-Oct-2026 and a 52 week low of Rs. 225.70 on 23-Oct-2026.
Last one week high and low of the scrip stood at Rs. 249.95 and Rs. 225.70 respectively. The current market cap of the company is Rs. 396.21 crore.
The promoters holding in the company stood at 63.93%, while Institutions and Non-Institutions held 15.13% and 20.95% respectively.
Maharaja & Speedex India has invested Rs 19.80 crore in its wholly owned subsidiary, Dewdrop Bottles, by subscribing to 4,50,000 equity shares pursuant to the Rights Issue of the subsidiary.
The funds invested by the company will be utilised by the subsidiary towards meeting its capital expenditure requirements, including the purchase of plant and machinery for its existing manufacturing facility. The investment is intended to support the planned expansion and strengthening of the manufacturing capabilities of the company's wholly owned subsidiary and is in line with the stated objects of the Initial Public Offering (IPO).
