Multibagger Update: Ace investor Ashish Kacholia increases his stake in this multibagger stock that is up by more than 62 per cent in one year; do you own this tiny treasure?
Ashish Kacholia has picked up 3,08,000 shares at an average price of Rs. 382 per share.
The shares of Inflame Appliances saw a jump of over 6.41 per cent on Friday's trading session. Inflame Appliances shares saw a price volume jump on Friday and also on Thursday's trading session this week. The reason for recent optimism in Inflame Appliances shares has been the allotment of 6,61,000 equity shares of the face value of Rs 10/- each, for cash, for Rs 382/- per equity share (including a share premium of Rs. 372 per equity share) aggregating to Rs. 25,25,02,000/- on preferential basis to non-promoters.
As per the company’s announcement of bourses post allotment of shares, the issued, subscribed, and paid-up equity share capital of the Company stands increased to Rs. 7,31,10,000/- (divided into 73,11,000 equity shares of the face value of Rs. 10/- each) from Rs. 6,65,00,000/- (divided into 66,50,000 equity shares of the face value of Rs. 10/- each).
The shares have been allotted to none other than ace investors Ashish Kacholia">multibagger at early stages and is a celebrity investor also known as a czar of