Big buying seen in the shares of Lotus Chocolate Company Limited

Big buying seen in the shares of Lotus Chocolate Company Limited


New Delhi: Veteran businessman Mukesh Ambani is rapidly expanding his business. Right now Ambani’s entire focus is on the retail sector. Under the leadership of Mukesh Ambani, Reliance Retail is rapidly expanding its business. Ambani has recently bought stake in another company. This company is Lotus Chocolate Company Limited. Reliance Consumer Products Limited (RCPL), the FMCG company of Reliance Retail Ventures (RRVL), Reliance Consumer Products Limited (RCPL) has bought 51 percent stake in Lotus Chocolate Company Limited. The company has paid Rs 25 crore for non-cumulative redeemable preference shares of Lotus Chocolate. RCPL has taken over the complete control of Lotus Company.

Mukesh Ambani: Mukesh Ambani’s big bet, bought another company, completed the acquisition of Lotus Chocolate

Stormy rise in shares

After buying Mukesh Ambani Lotus Chocolate Company Limited, its shares have gained a lot of momentum. The shares closed on the upper circuit on the last day of the trading week on Friday. Shares of Lotus Chocolate Company Limited closed at Rs 152.40 on Friday. The shares saw a bumper jump of 5 per cent. Earlier the shares had closed at Rs 145.15. Earlier, when this deal was announced, even then there was a strong rise in the shares of the company.

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Stock likely to rise further

Let us tell you that when this deal was announced, there was a boom in the shares of Lotus Chocolate Company Limited. The company’s shares were hitting upper circuit for 16 consecutive days at that time. However, later the shares declined. Please tell that Mukesh Ambani has bought this stake in Lotus Chocolate for Rs 74 crore. Lotus Chocolates had achieved a net profit of around Rs 6 crore during the year ended March 2022.



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