Zuari Global has purchased 48.98% stake in Forte Furniture Products.
Gambari Global has bought the stake of Fort Furniture from its subsidiary, Indian Furniture Products. There is a deal worth Rs 13,85,72,000 for the 1,37,20,000 shares of Rs 10 each between the two companies.
It is worth mentioning that the establishment of Fort Furniture was done on 01 February 2017. It is a 50:50 joint venture company of Indian Furniture and Fabrics Mabel of Poland. It was started for the manufacture and sale of furniture across India. The total turnover of Fort Furniture in the financial year 2017-18 was Rs 50.84 crore.
On the other hand, the gambler’s stock of BSE opened at Rs 116.20 in green mark today against the previous close of Rs 112.40. At around 10 am, it is running at Rs 112.30 with a slight decline of 0.10 or 0.09%. The company’s market capitalization at this price is Rs. 330.62 crores. At the same time, its last 52-week peak is Rs 212.15 and the lowest level is 92.00 rupees.
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