Force Motors has zoomed 17% to Rs 360, extending its previous day’s 7% surge, after the company said its promoter has acquired nearly 5% stake in the company on Monday.
Jaya Hind Investments Private Limited and others have acquired 631,139 equity shares of Rs 10 each on “Spot Delivery Basis” from twelve members of the company on February 17, 2014, Force Motors said in a statement.
With this acquisition, the number of shares held by the promoter group stands increased to 56.54% from 51.75% of the total paid up share capital of the company, it added.
The stock opened at Rs 312 and touched a 52-week high of Rs 365 on the BSE. Till 0942 hours, around 15,000 shares changed hands on the counter, as against an average 1,500 shares that were traded daily in past two weeks on the BSE.
Jaya Hind Investments Private Limited and others have acquired 631,139 equity shares of Rs 10 each on “Spot Delivery Basis” from twelve members of the company on February 17, 2014, Force Motors said in a statement.
With this acquisition, the number of shares held by the promoter group stands increased to 56.54% from 51.75% of the total paid up share capital of the company, it added.
The stock opened at Rs 312 and touched a 52-week high of Rs 365 on the BSE. Till 0942 hours, around 15,000 shares changed hands on the counter, as against an average 1,500 shares that were traded daily in past two weeks on the BSE.
