TCM soars on inking pact to acquire 100% stake in Better Feeds
TCM is currently trading at Rs. 41.99, up by 2.21 points or 5.56% from its previous closing of Rs. 39.78 on the BSE.
The scrip opened at Rs. 42.00 and has touched a high and low of Rs. 42.00 and Rs. 40.80 respectively. So far 2064 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 79.50 on 21-Oct-2024 and a 52 week low of Rs. 35.00 on 28-Mar-2025.
Last one week high and low of the scrip stood at Rs. 43.71 and Rs. 38.00 respectively. The current market cap of the company is Rs. 31.18 crore.
The promoters holding in the company stood at 49.51%, while Institutions and Non-Institutions held 7.44% and 43.05% respectively.
TCM has entered into binding Memorandum of Understanding (MoU) for acquisition of 100% stake of ‘Better Feeds’ from its existing shareholders. Consequent to the aforesaid acquisition, Better Feeds will become a 100% subsidiary of TCM.
The objective of acquisition is to expand the manufacturing capacity of cattle/ poultry feed business of the company.
TCM is engaged in the manufacture of Potassium Chlorate - a vital raw material for the match Industry. In course of time the company diversified into a number of chemicals and established factories at Kalamassery in Kerala.
