Suditi Industries hits upper limit on acquiring Gini & Jony
Suditi Industries is currently trading at its upper limit of Rs. 20.67, up by 0.98 points or 4.98% from its previous closing of Rs. 19.69 on the BSE.
The scrip opened at Rs. 20.67 and has touched a high and low of Rs. 20.67 and Rs. 20.67 respectively. So far 44489 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 23.29 on 06-Sep-2024 and a 52 week low of Rs. 11.65 on 05-Jun-2024.
Last one week high and low of the scrip stood at Rs. 20.67 and Rs. 17.91 respectively. The current market cap of the company is Rs. 54.50 crore.
The promoters holding in the company stood at 71.69%, while Non-Institutions held 28.31% stake in the company.
Suditi Industries has acquired Gini & Jony, an iconic children’s wear brand with an unmatched 44-year legacy in India. This strategic move is a key step in the company’s vision to dominate the kids wear market by leveraging its vertically integrated manufacturing capabilities, robust supply chain, and technology expertise.
The company plans to transform Gini & Jony into a dominant force in the kids wear market through an omni-channel strategy, including Exclusive Brand Outlets (EBOs), Large Format Stores (LFS), and e-commerce platforms. Combining Gini & Jony’s rich heritage with Suditi Industries’ expertise, the company is set to redefine kids wear in India while delivering exceptional value to its shareholders.
Suditi Industries is engaged in the business of knitting, dyeing, printing, finishing and garmenting. It is capable of manufacturing a diverse range of fabrics including Single Jersey, Pique, Rib, Terry, Interlocks, Pointelle, Fleece and Jacquards.
