Tasty Bite Eatables is currently trading at its upper circuit limit of Rs. 770.00, up by 128.25 points or 19.98% from its previous closing of Rs. 641.75 on the BSE.
The scrip opened at Rs. 718.50 and has touched a high and low of Rs. 770.00 and Rs. 715.00 respectively. So far 679 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 828.25 on 16-Feb-2015 and a 52 week low of Rs. 223.95 on 13-May-2014.
Last one week high and low of the scrip stood at Rs. 770.00 and Rs. 608.00 respectively. The current market cap of the company is Rs. 197.58 crore.
The promoters holding in the company stood at 74.22% while Institutions and Non-Institutions held 0.06% and 25.72% respectively.
Tasty Bite Eatables’ parent company Preferred Brands International Inc. (PBI) has entered into strategic investment transaction with leading Japanese food company, Kagome Co. Under the terms of the transaction, approved by the Board of Directors of both companies, Kagome will hold a majority stake in PBI while providing an exit to PBI's private equity investors. The founders of PBI will continue to own a significant stake in the company and continue to run the business from its headquarters in Stamford CT, USA.
Tasty Bite Eatables is in the business of manufacturing and marketing ready-to-serve food and frozen vegetables. The company’s factory is located at Village Bhandgaon, Taluka Daund, Pune, Maharashtra. The company sells its products under brand name ‘Tasty Bite’.
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