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ADF Foods gains on incorporating Wholly Owned Subsidiary

ADF Foods gains on incorporating Wholly Owned Subsidiary

ADF Foods is currently trading at Rs. 715.00, up by 4.50 points or 0.63% from its previous closing of Rs. 710.50 on the BSE.

ADF Foods
ADF Foods

The scrip opened at Rs. 707.60 and has touched a high and low of Rs. 725.00 and Rs. 707.55 respectively. So far 284 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 999.00 on 18-Oct-2021 and a 52 week low of Rs. 631.00 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 741.95 and Rs. 685.00 respectively. The current market cap of the company is Rs. 1571.05 crore.

The promoters holding in the company stood at 36.59%, while Institutions and Non-Institutions held 15.34% and 48.07% respectively.

ADF Foods has incorporated a Wholly Owned Subsidiary, viz., Telluric Foods (India). The Ministry of Corporate Affairs, Government of India has issued the Certificate of Incorporation on July 8, 2022.

Telluric Foods (India) has been incorporated to carry on the business of providing back-end solutions and services related to food business.

ADF Foods manufactures and processes a wide range of canned, bottled and processed vegetables fruits and foods for the export and domestic markets.