Oswal Agro Mills jumps on acquiring 4.85% stake in Oswal Greentech
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Oswal Agro Mills is currently trading at Rs. 64.00, up by 0.82 points or 1.30% from its previous closing of Rs. 63.18 on the BSE.
The scrip opened at Rs. 63.00 and has touched a high and low of Rs. 64.50 and Rs. 62.00 respectively. So far 9126 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 69.22 on 22-Aug-2024 and a 52 week low of Rs. 27.20 on 13-Sep-2023.
Last one week high and low of the scrip stood at Rs. 68.80 and Rs. 62.00 respectively. The current market cap of the company is Rs. 865.81 crore.
The promoters holding in the company stood at 41.91%, while Institutions and Non-Institutions held 0.33% and 57.75% respectively.
Oswal Agro Mills has acquired 4.85% (1,24,61,658 Equity Shares) of the total shareholding of M/s Oswal Greentech, an associate company of the Company. OThe company is the promoter of Oswal Greentech. The increase in promoter shareholding aims to reinforce their commitment and enhance market confidence, despite no specific operational reason for the acquisition.
This move is expected to strengthen the promoters’ influence, potentially improve investor perception, and provide greater strategic flexibility and control within the entity. The entity will ensure full compliance with regulatory disclosure requirements related to this change in shareholding.
Oswal Agro Mills has been carrying on the real estate and other non-financial activities since its incorporation.
