GRM Abroad share worth: Shares of GRM Abroad Ltd jumped eight per cent on Friday, March 7, extending the profitable streak to 5 straight days on robust shopping for curiosity regardless of the Indian inventory market’s excessive volatility. The small-cap, fast-moving shopper items (FMCG) firm introduced in a regulatory submitting to the inventory exchanges on Friday that considered one of its promoters raised their stake by buying a better quantity of fairness shares.
“Please discover enclosed herewith the requisite disclosures within the prescribed format concerning the acquisition of 42,000 fairness shares of the face worth of Rs. 2 by one of many promoters of the corporate Atul Garg of GRM Abroad Ltd on Wednesday, March 05, 2025,” mentioned GRM Abroad in its inventory trade submitting.
Smallcap FMCG inventory: Promoter raises stake in GRM Abroad
In accordance with GRM Abroad, Atul Garg, Mamta Garg, and Hukam Chand Garg are the corporate’s promoters. Earlier than the most recent share acquisition by Atul Garg, the promoters held 4,46,24,984 fairness shares with 74.37 per cent of complete share capital and 64.61 per cent of complete diluted share capital.
After Garg raised his stake by buying 42,000 fairness shares, the promoters now maintain 4,46,66,984 fairness shares, which account for 74.44 per cent of complete share capital and 64.67 per cent of complete diluted share capital. In accordance with the assertion, the shares had been acquired by way of an open-market transaction.
GRM Abroad Share Worth Development
On Friday, shares of GRM Abroad opened at ₹234 in opposition to a earlier shut of ₹232.10 and gained eight per cent to hit an intraday excessive of ₹252.15 earlier than settling 7.56 per cent increased at ₹249.65 apiece on the BSE.
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