Abans Enterprises Limited completes acquisition of 6.10% in Abans Jewels Ltd

The Board of Directors of Abans Enterprises Limited had approved the acquisition of 2,27,273 (Two Lakhs Twenty-Seven Thousand Two Hundred SeventyThree) equity shares of Rs. 10/- (Rupees Ten Only) each i.e. 6.10% shareholding of Abans Jewels Limited (formerly known as Abans Jewels Private Limited), subsidiary of the Company, from Siddhant Commercials Private Limited (erstwhile known as Teesta Retail Private Limited), subject to necessary statutory approvals and other regulatory requirements.

The Company has completed the acquisition of 6.10% share capital of Abans Jewels Limited on March 27, 2024, as per terms of the definitive documents executed in this regard. As a result of the above, Abans Jewels Limited has become the wholly owned subsidiary of the Company.

Shares of Abans Enterprises Ltd was last trading in BSE at Rs. 115.20 as compared to the previous close of Rs. 119.00. The total number of shares traded during the day was 2746 in over 67 trades.

The stock hit an intraday high of Rs. 120.50 and intraday low of 112.00. The net turnover during the day was Rs. 316072.00.

Source : Equity Bulls

Keywords

AbansEnterprises INE365O01010 StakeAcquisition AbansJewels