Small-cap textile stock Vishal Fabrics jumped more than 13% during the intraday trades on Monday after it announced this acquisition update. The equity shares of Nandan Industries have been acquired by VishalFabrics at price of Rs. 528,100. Currently Vishal Fabrics Limited holds 23.17% Equity Share Capital of Nandan Industries Pvt Ltd and Nandan is already an "Associate Company" with effect from 29th March, 2024. Pursuant to the announced transfer as per the company, VishalFabrics The intent of transfer and acquisition acquire of shares as per Vishal Fabrics is to focus on further development and enhancement of business. The Authorized Share Capital of Nandan Industries Private Ltd stands at Rs.

6,81,50,000 divided into 50,40,000 Equity Shares Paid-up Share Capital -Rs. 6,09,00,000/-comprises of 43,15,000 Equity Shares of Rs. 10/- each and 17,75,000 Preference Shares of £10. Turnover of Nandan Industries Private Limited stood at Rs. 226.04 Crore for the financial year ended on March 31, 2024.

Vishal Fabrics share price that opened atRs. 10/- each and 17,75,000 preference shares of Rs. 10 +/- each. The Vishal Fabrics share price ended the day at $ 28.72, more than 11% higher than the previous days close. 25.86 gained to intraday highs of $ 29.25, which meant gains of more than 13% compared to previous days closing