VADILAL INDUSTRIES USA INC., (VIU) a wholly-owned subsidiary of VADILAL INDUSTRIES Ltd has signed a Stock Purchase Agreement with Krishna Krupa Corporation, USA (KKC) for subscription of shares with voting preferred stock in the capital stock of KKC, which would result in VIU holding up to 100% voting rights in KKC.
KKC operates an ice creams parlour in the state of Illinois, USA. Acquisition of KKC provides VADILAL USA with ready platform to understand the parlour business operations in USA. Key learnings from KKC operations will help in preparation of a successful business plan for a nationwide parlour business.
Shares of Vadilal Industries Ltd was last traded in BSE at ₹1848.75 as compared to the previous close of ₹1875.05. The total number of shares traded during the day was 2433 in over 486 trades.
The stock last hit in BSE,
- Intraday High of ₹ 1892.70
- Intraday low of ₹ 1825.15