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2025-01-08 10:47:15 am | Source: Accord Fintech
Mangalam Global Enterprise shines on incorporating wholly owned subsidiary

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Mangalam Global Enterprise is currently trading at Rs. 30.77, up by 1.02 points or 3.43% from its previous closing of Rs. 29.75 on the BSE.

The scrip opened at Rs. 29.58 and has touched a high and low of Rs. 31.00 and Rs. 29.02 respectively. So far 45966 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 31.00 on 08-Jan-2025 and a 52 week low of Rs. 21.15 on 21-Nov-2024.

Last one week high and low of the scrip stood at Rs. 31.00 and Rs. 26.76 respectively. The current market cap of the company is Rs. 494.17 crore.

The promoters holding in the company stood at 72.01%, while Non-Institutions held 27.99% respectively in the company.

Mangalam Global Enterprise has received certificate of incorporation from the ROC-CRC for incorporation of wholly owned subsidiary (WOS) company on January 03, 2025 in the name and style of ‘MGEL Multicomm’ under the digital signature dated January 3, 2025 of ROC-CRC. 

The said WOS has been incorporated to carry on the Business and to provide prompt solutions in India and abroad as traders, distributors, dealers, agent, processors, exporters, importers, consultants, brokers, indenters, stockiest, sellers, buyers, marketers, business associates of various types of agriculture products, commodities, goods, things, articles, including metals and metals products, chemical and chemicals products, textile, cotton and textile products, Paper & paper products; and to submit bids, expressions, tenders, offers, either if in own name or to enter into any understanding or arrangement with any other person in submission of bids, expression tenders, offers, for acquiring control management stake or other interest, in respect of any other entity and to submit any plan project on any other documents with any person authorities and to incubate promoter assist business or commercial ideas, plans, and strategies.

Mangalam Global Enterprise was set up by Ahmedabad based Mangalam group.