Sonalis Consumer moves up on entering into MoU to acquire 100% stake in Holkar Somnath Milk & Agro Products
Sonalis Consumer Products is currently trading at Rs. 63.00, up by 0.43 points or 0.69% from its previous closing of Rs. 62.57 on the BSE.
The scrip opened at Rs. 63.00 and has touched a high and low of Rs. 63.00 and Rs. 63.00 respectively. So far 52000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 92.00 on 31-Oct-2025 and a 52 week low of Rs. 43.75 on 21-Mar-2025.
Last one week high and low of the scrip stood at Rs. 74.50 and Rs. 60.00 respectively. The current market cap of the company is Rs. 29.71 crore.
The promoters holding in the company stood at 35.78%, while Institutions and Non-Institutions held 0.04% and 64.17% respectively.
Sonalis Consumer Products has entered into a Memorandum of Undertaking (MoU) with Holkar Somnath Milk & Agro Products (Target Company) for acquisition of 100% Takeover of the Target Company, in accordance with and subject to the terms and conditions as set out in the MOU.
The company can achieve Expanding market presence and increasing market share, increasing revenue through expanded product offerings and customer base, Enhancing profitability through increased scale and synergies, Reducing dependence on a single product or market.
Pursuant to the terms of the MOU and upon fulfilment of the conditions precedent contained in the MOU, Purchaser being the Company will acquire management and control of the Target Company.
Sonalis Consumer Products is a manufacturer, retailer, and a wholesaler of Snacks.
