Speciality Restaurants gains on buying 51% stake in Love Sugar & Dough

With regards to acquisition of 51% stake in Love Sugar & Dough, the company has executed the share purchase and shareholders'agreement with the existing shareholders of LSDPL

Shares of Speciality Restaurants were up over 1% at Rs 184, in an otherwise weak market, after the company's completed acquisition of majority stake in Love Sugar and Dough Pvt Ltd which was approved by the board earlier.

With respect to the acquisition of 51% stake in Love Sugar and Dough Pvt. Ltd.(LSDPL), for Rs 75 lakhs, the company has executed the share purchase and shareholders' agreement with the existing shareholders of LSDPL, Speciality Restaurants said in a release.

The stock opened at Rs 182 and touched a high of Rs 185 on the Bombay Stock Exchange. At 12:15PM, over 34,000 shares were traded.