Hindustan Foods is currently trading at Rs. 2033.80, up by 68.70 points or 3.50% from its previous closing of Rs. 1965.10 on the BSE.

The scrip opened at Rs. 1961.15 and has touched a high and low of Rs. 2035.00 and Rs. 1884.60 respectively. So far 1128 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2580.00 on 24-Feb-2021 and a 52 week low of Rs. 1430.00 on 28-Jan-2021.

Last one week high and low of the scrip stood at Rs. 2196.35 and Rs. 1884.60 respectively. The current market cap of the company is Rs. 4243.86 crore.

Hindustan Foods The promoters holding in the company stood at 62.62%, while Institutions and Non-Institutions held 13.42% and 23.95% respectively.

Hindustan Foods (HFL) has executed a Share Purchase Agreement (SPA) on January 24, 2022 with Reckitt Benckiser (India) to acquire 100% Equity Share Capital of Reckitt Benckiser Scholl India (RBSIPL). The acquisition of the Shares of RBSIPL is in line with the company’s strategy to enter Contract Manufacturing and expansion of its business into OTC Healthcare and Wellness products.

The company has identified RBSIPL as a suitable acquisition target because it is a financially healthy organization and HFL had announced its intention to enter into the Contract Manufacturing in this segment of OTC Health care and wellness. The aggregate cost of acquisition of shares is Rs 73 crore and subject certain completion adjustments in accordance with the terms and conditions set out in the SPA.

HFL specializes in setting up one-stop contract manufacturing solutions and the ability to consistently deliver quality products.