05 Apr 2025

Aveer Foods Shares Climb Over 3% After Business Transfer Agreement with Kamal Industries

Aveer Foods is currently trading at RS. 744.15, up by 24.15 points or 3.35% from its previous close of RS. 720.00 on the BSE.

The stock opened at RS. 749.00 and touched an intraday high and low of RS. 749.00 and RS. 744.15 respectively. Only 2 shares have been traded on the counter so far.

This BSE group 'X' stock, with a face value of RS. 10, recorded a 52-week high of RS. 828.60 on March 27, 2025, and a 52-week low of RS. 429.95 on August 13, 2024. In the past week, the scrip’s high and low stood at RS. 749.00 and RS. 701.55, respectively. The company’s current market capitalization is RS. 299.76 crore.

The promoter holding in the company is 72.06%, while non-institutional investors hold 27.94%.

Aveer Foods has recently executed a Business Transfer Agreement on April 01, 2025, with a partner of Kamal Industries. The transfer of the business undertaking is set to take effect from April 30, 2025.

Earlier, the company’s Board had approved the acquisition of Kamal Industries Dharwad, a partnership firm, as a going concern on a slump sale basis.

Aveer Foods is engaged in the manufacturing of food products and operates in the agricultural, horticultural, and farm produce segments.