Monday 25 July 2016

Vivimed soars 3%; subsidiary to sell certain products for Rs.73 cr

Vivimed Labs announced that Klar Sehen Private Limited, a wholly owned subsidiary of Vivimed announces the sale of certain products along with associated trademarks Total consideration for the identified products and trademarks is Rs. 730 million.

Shares of Vivimed Labs are currently trading 3% higher at Rs.77 on BSE after it was reported that the company’s subsidiary will certain of its products.

Vivimed Labs announced that Klar Sehen Private Limited, a wholly owned subsidiary of Vivimed announces the sale of certain products along with associated trademarks Total consideration for the identified products and trademarks is Rs. 730 million.

The scrip opened at Rs. 76.5 and has touched a high and low of Rs. 80 and Rs. 76.35 respectively. So far 167595(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 605.21 crore.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 97 on 12-Jan-2016 and a 52 week low of Rs. 46.94 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 78.05 and Rs. 73.6 respectively.

The promoters holding in the company stood at 36.79 % while Institutions and Non-Institutions held 2.62 % and 60.59 % respectively.

The stock is currently trading below its 200 DMA.

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