Frozen food exporting firm Temptation Foods has hiked its stake in Kohinoor Foods to about 12 per cent through open market purchase.
A disclosure made to the stock exchanges by Kohinoor Foods today showed that Temptation Foods has acquired two lakh shares, representing 0.75 per cent stake in the company, through open market purchases.
Temptations Foods, which held 11.23 per cent stake in Kohinoor Foods, manufacturer and exporter of basmati rice, before the said acquisition, now holds over 31.80 lakh shares aggregating 11.98 per cent stake in the company.
Earlier in a disclosure on Friday, Kohinoor Foods has said that Temptation Foods had acquired 3.5 lakh shares, representing 1.30 per cent stake in the company through open market purchases.
In a note, it also said the stake holding is as per the information provided by Temptation Foods, however, according to the companies Register of Members (ROM), the shareholding was at 2.6 per cent.
"As per ROM of weekend December 12, 2008, Temptation Foods held 7,00,648 shares which is just 2.597 per cent," it added.
More From This Section
Shares of Temptation Food had touched its 52-week low levels of Rs 142.05 Friday last, while it surged 15 per cent to Rs 170 during the trade on the bourses today.
Shares of Temptation Foods closed at Rs 147.35, down 0.51 per cent, while Kohinoor Foods settled at Rs 85.05, down 2.35 per cent on the BSE.