Rose Merc Ltd to enter into e-commerce business

Rose Merc Ltd. plans to enter into new business with e-commerce where the company plans to sell Rudraksha, gem stones, yantra products related to astrology and other occult services. Further the company also plans to start different kinds of occult services like Astrology, numerology, Tarot, handwriting analysis, Vastu shatra and other occult services.

The board also approved proposal to acquire 10% stake in Bhakti world Radio Broadcasting Pvt. Ltd., a mental health wellness company for synergies with new business segment mentioned above. Bhakti World Radio (formerly 2B Radio) is engaged in Devotional music radio and healing mantras with an online digital channel for internet users on website, app based (android, IOS). It has 6.9mn active listeners across 167 countries. The company has 245 hours of owned content which includes 2400 songs in total (Arti, Bhajan, Namavali etc.) with 60 years of creation rights.

Shares of Rose Merc Limited was last trading in BSE at Rs. 36.60 as compared to the previous close of Rs. 34.90. The total number of shares traded during the day was 22251 in over 60 trades.

The stock hit an intraday high of Rs. 36.60 and intraday low of 36.35. The net turnover during the day was Rs. 812331.00.

Source : Equity Bulls

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