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03-12-2024 10:38 AM | Source: Accord Fintech
Zydus Wellness gains on acquiring remaining equity share capital in Naturell (India)

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Zydus Wellness is currently trading at Rs. 2073.80, up by 23.45 points or 1.14% from its previous closing of Rs. 2050.35 on the BSE.

The scrip opened at Rs. 2070.00 and has touched a high and low of Rs. 2080.00 and Rs. 2048.75 respectively. So far 643 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2484.00 on 30-Jul-2024 and a 52 week low of Rs. 1441.75 on 18-Mar-2024.

Last one week high and low of the scrip stood at Rs. 2080.00 and Rs. 1939.95 respectively. The current market cap of the company is Rs. 13177.26 crore.

The promoters holding in the company stood at 69.62%, while Institutions and Non-Institutions held 23.72% and 6.67% respectively.

Zydus Wellness has acquired remaining 1.86% equity share capital of Naturell (India). Earlier, the company had acquired 98.14% equity share capital in Naturell (India).

Naturell’s (India) business portfolio includes brands- Ritebite Max Protein (Protein fueled healthy snacks) and Ritebite (fiber-enriched snacks). It commercially started its operations in 2003 and ventured into healthy snacks in 2007. The acquisition seamlessly aligns with Zydus Wellness’ strategic vision, expanding its footprint in the consumer wellness industry by foraying into the rapidly growing healthy snacking segment. It further strengthens the company’s market presence and commitment to addressing the evolving needs and preferences of health-conscious consumers. 

Zydus Wellness combines the best healthcare, nutrition, and cosmeceutical products to provide quality wellness products.