Tuesday , November 12 2019
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Vidhi Specialty Food Ingredients gains on completing acquisition of stake in Arjun Food Colorants Manufacturing

Mumbai : Vidhi Specialty Food Ingredients is currently trading at Rs. 79.50, up by 1.10 points or 1.40% from its previous closing of Rs. 78.40 on the BSE. The scrip opened at Rs. 79.50 and has touched a high and low of Rs. 80.30 and Rs. 79.50 respectively. So far 2232 shares were traded on the counter. The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 106.40 on 23-Apr-2018 and a 52 week low of Rs. 66.90 on 26-Feb-2019.

Last one week high and low of the scrip stood at Rs. 80.30 and Rs. 76.50 respectively. The current market cap of the company is Rs. 397.06 crore. The promoters holding in the company stood at 64.27%, while Institutions and Non-Institutions held 0.17% and 35.55% respectively. Vidhi Specialty Food Ingredients has completed acquisition of 100% equity shares of Arjun Food Colorants Manufacturing an entity owned and held by the Promoters Group of Vidhi Specialty Food Ingredients. The company has completed the acquisition of Arjun Food Colorants Manufacturing for a cash consideration of Rs 7.92 lakh.

The objective of the acquisition is to acquire the industrial land and building for future expansion and consolidate the business of promoter Group Company. Vidhi Specialty Food Ingredients is engaged in the manufacture of the following range of products Brilliant blue FCF, Indigo Carmine, Allura Red AC, Tartrazine etc.