Superhouse Limited increases stake in Creemos International Limited

Superhouse Limited has purchased 62550 Equity shares of Rs 10/- each (2.42%) of its Associate Company Creemos International Limited (Creemos), an unlisted company, from Modriba Hygiene Solution Ltd for the consideration of Rs 41.28 lacs. Subsequent to the above purchase of shares, the equity shareholding of the company in Creemos increased from 48.63% to 51.05%. Now Creemos has become subsidiary of the Company.

Creemos is into Textile, Leather, and other Apparel products. Creemos had turnover of Rs. 4152.66 Lacs and Profit after tax of Rs 470.44 Lacs.

Shares of Superhouse Limited was last trading in BSE at Rs. 160.30 as compared to the previous close of Rs. 156.60. The total number of shares traded during the day was 2199 in over 269 trades.

The stock hit an intraday high of Rs. 163.40 and intraday low of 156.90. The net turnover during the day was Rs. 351553.00.

Source : Equity Bulls

Keywords

Superhouse INE712B01010 Footwear Acquisition CreemosInternational Leather