Valencia Nutrition Limited has acquired a 50% stake in Zion Beverages, a Partnership firm on November 28, 2024. This acquisition marks a significant strategic move, presenting an absorbing opportunity to expand into the manufacturing and trading of beverages, aligning with our growth objectives.
The acquisition is anticipated to bolster Valencia Nutrition Limited's position in the beverage sector by capitalizing on Zion Beverages' well established manufacturing setup, market presence and industry expertise. Following the transaction, Zion Beverages will function as a jointly managed entity, ensuring collaborative oversight and strategic alignment.
Shares of Valencia Nutrition Limited was last trading in BSE at Rs. 56.70 as compared to the previous close of Rs. 57.69. The total number of shares traded during the day was 84000 in over 19 trades.
The stock hit an intraday high of Rs. 60.57 and intraday low of 55.00. The net turnover during the day was Rs. 4965570.00. |
