Nilkamal zooms after getting nod to acquire healthcare business of Imedfurns
Nilkamal is currently trading at Rs 1769.00, up by 96.40 points or 5.76% from its previous closing of Rs 1672.60 on the BSE.
The scrip opened at Rs 1714.40 and has touched a high and low of Rs 1850.00 and Rs 1700.65 respectively. So far 1126 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 2101.40 on 25-Jun-2024 and a 52-week low of Rs 1496.80 on 17-Mar-2025.
Last one week high and low of the scrip stood at Rs 1850.00 and Rs 1550.05 respectively. The current market cap of the company is Rs 2616.74 crore.
The promoters holding in the company stood at 64.54%, while Institutions and Non-Institutions held 15.32% and 20.14% respectively.
Nilkamal has received approval for acquisition and purchase of the healthcare business including the intellectual property rights, the contracts, employees and goodwill of Imedfurns by way of Business Transfer Agreement, Employment Agreement, Deed of Assignment for Trademark and Design for an aggregate consideration of Rs 4 crore, payable over a period of 4 years.
The Board of Directors of the Company, in the Board Meeting held on May 14, 2025, has approved the same.
Nilkamal is among the world’s largest producer of moulded plastic furniture giving it an edge over competition.
