Rose Merc shines on acquiring 50% post issue share capital of LK Vet Care
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Rose Merc is currently trading at Rs. 133.70, up by 5.45 points or 4.25 % from its previous closing of Rs. 128.25 on the BSE.
The scrip opened at Rs. 131.00 and has touched a high and low of Rs. 134.40 and Rs. 131.00 respectively. So far 10590 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 197.75 on 01-Feb-2024 and a 52 week low of Rs. 45.52 on 02-May-2023.
Last one week high and low of the scrip stood at Rs. 145.80 and Rs. 119.85 respectively. The current market cap of the company is Rs. 59.25 crore.
The promoters holding in the company stood at 0.18 % while Institutions and Non-Institutions held 0.00 % and 99.82 % respectively.
Rose Merc has acquired 50% of the post issue share capital of LK Vet Care, by way of subscription to 10,101 equity shares of LK Vet Care on terms set out in the Subscription Letter.
Earlier, the company had signed a subscription agreement to acquire 50% stake in LK Vet Care. This said acquisition will enable the company to enter into Rural B2C market with presence in ever increasing Animal Husbandry sector related to Artificial Insemination with the market size of around Rs 600 crore. LK Vet Care was established with a vision to provide end-to-end cutting-edge technology in dairy and animal husbandry automation, which enhances productivity & brings transparency in the animal husbandry industry.
Rose Merc is a dynamic company which is present as an e-commerce website, the company is now primarily into the trade of naturally occurring precious elements such as gem stones, gold, silver, rudhraksha, and more.
