Multibagger penny stock under Rs 5 in focus as company acquires 51% equity shares of Trinity Ganesh Private Limited
The stock is up by 13.7 per cent from its 52-week low of Rs 3.07 per share and gave multibagger returns of over 1,000 per cent in 5 years.
Vivanta Industries Limited has acquired a 51 per cent stake in Trinity Ganesh Private Limited, representing 2,55,000 equity shares, through a share swap. Vivanta Industries issued 38,25,000 of its equity shares to Trinity Ganesh's shareholders via a preferential issue on February 07, 2025. This acquisition makes Trinity Ganesh a subsidiary of Vivanta Industries. Trinity Ganesh Private Limited, with a turnover of Rs 12,10,54,160 and a net worth of Rs 69,96,120 as of March 31, 2024, operates in the wholesale trade of agricultural raw materials, live animals, food, beverages, intoxicants, and textiles. The acquisition does not constitute a related party transaction.
The share swap was executed for Rs 60 per share for Trinity Ganesh's stock, based on the issuance of Vivanta Industries' shares. The transaction was completed on February 7, 2025, following in-principle approval from BSE Limited on December 31, 2024, for the preferential issue of Vivanta Industries' shares. Trinity Ganesh Private Limited, incorporated on December 21, 2023, is headquartered in Mahesana, Gujarat, India. The acquisition's objective is to expand Vivanta Industries' business into the agricultural trading sector. No specific governmental or regulatory approvals beyond the BSE listing were mentioned.
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Vivanta Industries Ltd., incorporated in 2013, is a multifaceted company engaged in the trading of steel products, electronic items, and shares & securities. Beyond trading, Vivanta Industries Ltd. offers P.M.C.C (Project Management Consultancy & Turnkey Project & Technology Supply) services. The company has expertise in conceptualization, design, installation, and commissioning for diverse projects, including pharmaceutical, nutraceutical, ayurvedic, and medical device manufacturing plants. They also handle projects related to R&D laboratories, agro-based fertilizers, surgical facilities, prefabricated housing, industrial parks, and solar projects. Their service portfolio encompasses turnkey projects, project conceptualization, land survey & acquisition, design & engineering, project approvals, fiscal benefits & subsidies, funding, and development.
Today, shares of Vivanta Industries Ltd gained 1.75 per cent to Rs 3.49 per share from its previous closing of Rs 3.43 per share. The stock’s 52-week high is Rs 5.20 and its 52-week low is Rs 3.07.
The promoters of the company hold a 10.93 per cent stake and the public owns an 89.07 per cent stake in the company as of December 2024. The company has a market cap of Rs 43 crore. The stock is up by 13.7 per cent from its 52-week low of Rs 3.07 per share and gave multibagger returns of over 1,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.