Mid East Portfolio Management shines on signing MoU with Cher Lifestyle
Mid East Portfolio Management is currently trading at Rs. 33.85, up by 1.85 points or 5.78% from its previous closing of Rs. 32.00 on the BSE.
The scrip opened at Rs. 33.85 and has touched a high and low of Rs. 33.85 and Rs. 29.65 respectively. So far 13 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 46.11 on 29-Jun-2026 and a 52 week low of Rs. 13.85 on 24-Mar-2026.
Last one week high and low of the scrip stood at Rs. 33.85 and Rs. 26.43 respectively. The current market cap of the company is Rs. 16.10 crore.
The promoters holding in the company stood at 2.81%, while Non-Institutions held 97.19% stake in the company.
Mid East Portfolio Management has entered into a Memorandum of Understanding (MoU) with Cher Lifestyle to explore a proposed strategic association for business expansion and funding. Under the MoU, the parties intend to evaluate a proposed funding arrangement of up to Rs 5 crore for establishing three additional branches of Cher Lifestyle in different cities. The proposed arrangement may involve equity investment, debt funding, convertible instruments or a combination thereof, subject to due diligence, financial feasibility, requisite corporate and regulatory approvals, and execution of definitive agreements.
The MoU also provides for consideration of strategic guidance, business development support and possible board representation, subject to mutual agreement and applicable laws.
