Rose Merc zooms on acquiring 49% stake in Jadhav Rose Merc Sports
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Rose Merc is currently trading at Rs. 101.70, up by 4.60 points or 4.74% from its previous closing of Rs. 97.10 on the BSE.
The scrip opened at Rs. 101.95 and has touched a high and low of Rs. 101.95 and Rs. 101.70 respectively.
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. 47.50 on 05-Jun-2023.
Last one week high and low of the scrip stood at Rs. 106.00 and Rs. 94.20 respectively. The current market cap of the company is Rs. 45.86 crore.
The promoters holding in the company stood at 0.17%, while Non-Institutions held 99.83% stake in the company.
Rose Merc has acquired 49% of the share capital of Jadhav Rose Merc Sports. The cost of acquisition is Rs 49000. Jadhav Rose Merc is floated with the objective to promote Indian style mud wrestling. The company intends to promote the sport which is spread across lengths and breadths in India however lacks financial support.
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.
