Hindustan Foods rises on completing acquisition of manufacturing facility of Reckitt in Himachal Pradesh

18 Dec 2023 Evaluate

Hindustan Foods is currently trading at Rs. 561.05, up by 4.30 points or 0.77% from its previous closing of Rs. 556.75 on the BSE.

The scrip opened at Rs. 557.05 and has touched a high and low of Rs. 564.50 and Rs. 555.10 respectively. So far 10298 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 730.60 on 16-Dec-2022 and a 52 week low of Rs. 491.05 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 584.00 and Rs. 545.00 respectively. The current market cap of the company is Rs. 6335.01 crore.

The promoters holding in the company stood at 64.85%, while Institutions and Non-Institutions held 12.61% and 22.54% respectively.

Hindustan Foods (HFL) has completed the acquisition of Manufacturing facility of Reckitt situated at Khasra No. 701/534, Vill Sandholi Baddi, Nalagarh Road, P.O. Baddi,Tehsil Nalagarh, Distt Solan, Himachal Pradesh, India for a final cash consideration of Rs 127.75 crore, as per the terms and conditions of the said Business Transfer Agreement (BTA) dated December 15, 2022 including amendments thereof (if any) entered between the Company and Reckitt.

This acquisition marks an entry of HFL into the segment of manufacturing and expansion of its business into various Pharmaceutical and Non-Pharmaceutical products and vast variety of OTC health and wellness products and skin creams. 

Hindustan Foods specializes in setting up one-stop contract manufacturing solutions and the ability to consistently deliver quality products.

Hindustan Foods Share Price

526.55 -16.50 (-3.04%)
23-Dec-2024 11:25 View Price Chart
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