ADF Foods soars after promoter hikes stake
On June 12, 2014, Bimal R Thakkar has bought 930,000 equity shares (4.22% stake) in ADF Foods via open market.
ADF Foods has soared 8% to Rs 64, extending its previous day’s 12% rally, after the company said its promoters have increased their stake in the company by more than 4 percentage points through open market transaction.
Bimal R Thakkar has bought an additional 930,000 equity shares representing 4.22% stake in the company on June 12, 2014, via open market, ADF Foods said in a regulatory filing.
Post acquisition, total holding of Bimal R Thakker in ADF Foods increased to 10% from 5.78% earlier, it added.
ADF Foods is a food processing company, manufacturing pickles, chutneys, canned foods frozen foods and spices under various brand names.
As of March 2014, the company's promoters held total 45.51% stake in ADF Foods, the shareholding pattern data shows.
The stock opened at Rs 60 and hit a 52-week high of Rs 67.65 on the BSE. The counter has seen over three-fold jump in trading volumes with a combined 4.03 million shares changing hands till 1240 hours on the BSE and NSE.
Bimal R Thakkar has bought an additional 930,000 equity shares representing 4.22% stake in the company on June 12, 2014, via open market, ADF Foods said in a regulatory filing.
Post acquisition, total holding of Bimal R Thakker in ADF Foods increased to 10% from 5.78% earlier, it added.
ADF Foods is a food processing company, manufacturing pickles, chutneys, canned foods frozen foods and spices under various brand names.
As of March 2014, the company's promoters held total 45.51% stake in ADF Foods, the shareholding pattern data shows.
The stock opened at Rs 60 and hit a 52-week high of Rs 67.65 on the BSE. The counter has seen over three-fold jump in trading volumes with a combined 4.03 million shares changing hands till 1240 hours on the BSE and NSE.
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First Published: Jun 13 2014 | 12:44 PM IST