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Mawana Sugars shines on getting nod to purchase entire stake of MFPL

  • Feb-14-2018
  • 15 Hrs IST

Mawana Sugars is currently trading at Rs. 66.95, up by 1.90 points or 2.92% from its previous closing of Rs. 65.05 on the BSE.

The scrip opened at Rs. 74.00 and has touched a high and low of Rs. 74.00 and Rs. 66.95 respectively. So far 59805 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 144.90 on 11-Sep-2017 and a 52 week low of Rs. 57.70 on 06-Feb-2018.

Last one week high and low of the scrip stood at Rs. 74.00 and Rs. 58.00 respectively. The current market cap of the company is Rs. 267.56 crore.

The promoters holding in the company stood at 63.49%, while Institutions and Non-Institutions held 2.00% and 34.51% respectively.

Mawana Sugars has received an approval to purchase the entire shareholding of Mawana Foods (MFPL) held by Usha International (UIL) at a total consideration of Rs 14,11,10,000. The Board of Directors of the company at its meeting held on February 13, 2018, approved the same.

Mawana Sugars has been engaged in the business of manufacture and selling of chemicals, sugar and edible oils.