Padam Cotton Yarns touches roof on executing term sheet to acquire stake in Rajasthani Namkeen
Padam Cotton Yarns is currently trading at upper limit of Rs. 4.46, up by 0.21 points or 4.94% from its previous closing of Rs. 4.25 on the BSE.
The scrip opened at Rs. 4.34 and has touched a high and low of Rs. 4.46 and Rs. 4.21 respectively. So far 499678 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 12.76 on 13-Jan-2025 and a 52 week low of Rs. 3.63 on 07-Oct-2024.
Last one week high and low of the scrip stood at Rs. 4.65 and Rs. 4.21 respectively. The current market cap of the company is Rs. 57.58 crore.
The Non-Institutions held 100% stake in the company.
Padam Cotton Yarns has executed Term sheet with Rajasthani Namkeen (RNPL) for Acquisition of Equity Shares. Through this acquisition, the company will enter into Food and Beverages business and this acquisition will help the company to expand its business in to food sector.
Total cost of Acquisition would be Rs 13 crore. Out of which, Rs 2.00 crore will be paid in cash and remaining as swapping of shares
Padam Cotton Yarns is engaged in manufacturing of cotton yarn. The company also engagged in the business of Consulting
