- Date : 07/11/2022
- Read: 2 mins
Filatex Fashions has announced it will acquire a 51% stake in Isabella Pvt. Limited, a fashion company in Sri Lanka.
A multi-bagger produced by the Indian stock market recently has been Filatex Fashions. The stock has increased from Rs. 7.20 to Rs. 17.30 year-to-date. Filatex Fashions has announced it will acquire a 51% stake in Isabella Pvt. Limited, a fashion company in Sri Lanka. It mentioned the acquisition in the latest exchange filing, and the small-cap fashion brand's news made it a catalyst for heavy buying among investors. The increase in volume led to an increase in its 52-week high, which stands at Rs. 17.30 on BSE. It informed the exchanges that it would acquire 51% of the company for approximately USD 7.55 million. Isabella Pvt. Limited is in the apparel manufacturing business in Sri Lanka, and Filatex is in the process of reaching an agreement for Isabella's Subscription of Shares and acquisition.
Also Read: These 5 penny stocks turned multi-baggers
Both parties (Isabella Pvt. Limited and Filatex Fashions) have agreed to the acquisition post-Due Diligence.
Share Price History of Filatex Fashions
In just around a month, the price of Filatext Fashions has dramatically increased from Rs. 12.25 to Rs. 17.30. It has given a 40% return to its investors. In the previous six months, the stock has grown from Rs. 8 to Rs. 17.30, equal to a 120% return. It has given the people who invested in it a 140% return year-to-date (YDT). Talking about a one year time frame, the stock increased from Rs. 4.19 to Rs. 17.30. It means the share has given over 300% return to its shareholders.
Also Read: Looking for the next multi-baggers? Here you are!
This multi-bagger has increased by over 400% in the previous five years. The market cap of this multi-bagger was Rs. 167 crores on Thursday, and the trading volume stood at 14.51 lacs.
A multi-bagger produced by the Indian stock market recently has been Filatex Fashions. The stock has increased from Rs. 7.20 to Rs. 17.30 year-to-date. Filatex Fashions has announced it will acquire a 51% stake in Isabella Pvt. Limited, a fashion company in Sri Lanka. It mentioned the acquisition in the latest exchange filing, and the small-cap fashion brand's news made it a catalyst for heavy buying among investors. The increase in volume led to an increase in its 52-week high, which stands at Rs. 17.30 on BSE. It informed the exchanges that it would acquire 51% of the company for approximately USD 7.55 million. Isabella Pvt. Limited is in the apparel manufacturing business in Sri Lanka, and Filatex is in the process of reaching an agreement for Isabella's Subscription of Shares and acquisition.
Also Read: These 5 penny stocks turned multi-baggers
Both parties (Isabella Pvt. Limited and Filatex Fashions) have agreed to the acquisition post-Due Diligence.
Share Price History of Filatex Fashions
In just around a month, the price of Filatext Fashions has dramatically increased from Rs. 12.25 to Rs. 17.30. It has given a 40% return to its investors. In the previous six months, the stock has grown from Rs. 8 to Rs. 17.30, equal to a 120% return. It has given the people who invested in it a 140% return year-to-date (YDT). Talking about a one year time frame, the stock increased from Rs. 4.19 to Rs. 17.30. It means the share has given over 300% return to its shareholders.
Also Read: Looking for the next multi-baggers? Here you are!
This multi-bagger has increased by over 400% in the previous five years. The market cap of this multi-bagger was Rs. 167 crores on Thursday, and the trading volume stood at 14.51 lacs.
