Titan Company gains on hiking stake in Carat Lane Trading to sixty nine.Forty seven%

Titan Company gains on hiking stake in Carat Lane Trading to sixty nine.Forty seven%

by admin- Monday, April 1st, 2019 04:36:42 PM

Titan Company is currently trading at Rs. 1145.80, up by using 8.30 factors or zero.73% from its previous ultimate of Rs. 1137.50 on the BSE.

The scrip opened at Rs. 1143.60 and has touched a high and occasional of Rs. 1145.80 and Rs. 1139.30 respectively. So far 2161 shares have been traded on the counter.

The BSE group ‘A’ stock of face price Rs. 1 has touched a 52 week high of Rs. 1146.00 on 29-Mar-2019 and a 52 week low of Rs. 731.70 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1146.30 and Rs. 1089.60 respectively. The modern-day market cap of the business enterprise is Rs. 100985.68 crore.

The promoters holding in the employer stood at 52.91%, while Institutions and Non-Institutions held 26.Eighty one% and 20.29% respectively.

Titan Company has subscribed to 30,forty eight,780 additional fairness stocks of Carat Lane Trading, thereby increasing its stake in Carat Lane on March 30, 2019. Pursuant to the above, the shareholding of the Company in Carat Lane has extended from sixty six.39% to 69.47%.

Carat Lane has supplied shares via personal placement on preferential allotment basis to fulfill the overall corporate functions and for augmenting lengthy-term resource requirement for its enterprise sports.

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