Mega Corporation gains on getting nod to acquire 14.89% stake in BB&HV
Mega Corporation is currently trading at Rs. 2.88, up by 0.04 points or 1.41% from its previous closing of Rs. 2.84 on the BSE.
The scrip opened at Rs. 2.97 and has touched a high and low of Rs. 2.97 and Rs. 2.73 respectively. So far 80661 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 4.44 on 02-Jan-2025 and a 52 week low of Rs. 1.58 on 12-Aug-2024.
Last one week high and low of the scrip stood at Rs. 2.97 and Rs. 2.50 respectively. The current market cap of the company is Rs. 57.60 crore.
The promoters holding in the company stood at 66.83%, while Non-Institutions held 33.17% stake in the company.
Mega Corporation has received approval for acquisition (investment) of 14.89% in the equity share capital of BB&HV. The acquisition is being made with the objective to increase the shareholding in group company to 18.07%. The total consideration required to be paid for the purpose of acquiring additional shares of BB&HV is Rs 1.42 crore. The Board of Directors of the company at its meeting held on July 3, 2025 has approved the same.
Mega Corporation is engaged in the business of operating 24 hours air conditioned Radio Taxi services under the brand name Mega Cabs.
