Introduction:
Ethanol stock announced the acquisition of 100% shareholding in Sonitron Bio Organics Private Limited. This move, involving 10,000 equity shares at ₹10 each, aims to strengthen the company’s presence in the organic and sustainable sector while expanding its operations and capabilities.
Share Price movement of Dhampur Bio Organics:
On November 28, 2024, Dhampur Bio Organics Ltd (BSE: DBOL) opened at ₹130.20, reaching an intraday high of ₹130.60 and a low of ₹128.60. The stock is currently trading at ₹128.75, reflecting a 1.03% rise from its previous close of ₹127.44, with a market capitalization of ₹854.74 crore.
Dhampur Bio Organics new acquisition:
On November 27, 2024, the management committee of the Board of Directors approved the acquisition of 100% shareholding in Sonitron Bio Organics Private Limited. This acquisition involves 10,000 equity shares valued at ₹10 each, making Sonitron Bio Organics a wholly-owned subsidiary.
The decision aligns with the company’s strategic goals, expanding its operations and capabilities. Sonitron Bio Organics Private Limited’s integration is expected to enhance the company’s portfolio and strengthen its presence in the organic and sustainable sector.
Details of the acquisition, as required under SEBI Listing Regulations and the SEBI Circular dated July 13, 2023, are outlined in Annexure A. This acquisition reflects the company’s commitment to growth through strategic investments in emerging opportunities.
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Recent news About Dhampur Bio Organics:
On November 4, 2024, Dhampur Bio Organics Ltd. announced unaudited financial results for the quarter and half-year ending September 30, 2024, reporting a net loss of ₹23.37 crore, a decline from the previous quarter’s profit of ₹0.12 crore.
Ace investor holding of Dhampur Bio Organics Ltd:
Ace investor Anil Kumar Goel holds 6,000,000 shares in Dhampur Bio Organics Ltd, amounting to a 9.04% stake, valued at ₹77.4 crore at the current price of ₹129. This reflects a consistent holding from the previous quarter, showcasing strategic confidence.
Seema Goel holds a 3.70% stake in Dhampur Bio Organics Ltd, owning 2,458,000 shares at a current price of ₹129.00 per share. Her holdings are valued at ₹31.7 crore, showcasing consistent investment interest in the company.
Stock performance of Dhampur Bio Organics Ltd for Period of 1 week, 6 months and 1 year:
Dhampur Bio Organics Ltd delivered a 4.58% return over the past week and 6.60% over six months. However, its one-year performance reflected a decline of 23.8%, showcasing mixed stock performance across different investment horizons.
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Shareholding pattern of Dhampur Bio Organics Ltd:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 50.78 | 50.78 | 50.78 |
| FII | 0.83 | 1.26 | 1.95 |
| DII | 1.35 | 0.45 | 0.45 |
| Retail & others | 47.04 | 47.51 | 46.82 |
About Dhampur Bio Organics:
Dhampur Bio Organics Ltd, headquartered in Uttar Pradesh, specializes in sugar manufacturing, renewable energy, and bio-fertilizers. The company focuses on sustainable practices, leveraging advanced technologies to produce eco-friendly products, contributing to India’s green energy initiatives and agricultural development.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
