Coffee Day Enterprises’ subsidiary divests 41% in its subsidiary

Coffee Day Enterprises has informed BSE that the step-down subsidiary of the company, AlphaGrep Holding HK Limited, has divested 4050 [40.50%] shares in its subsidiary, namely Lighthouse Financial Technologies Limited (formerly known as AlphaGrep Technologies Limited (AG TECH); and further in its subsidiaries Lighthouse Financial HK Limited [formerly known as Alpha Grep HK Limited (AG HK)] and Lighthouse Financial Trading Limited [Formerly known as AlphaGrep Trading Limited (AG TL)] w.e.f. February 21, 2017.

Feb 22, 2017 12:02 IST India Infoline News Service

Coffee Day Enterprises has informed BSE that the step-down subsidiary of the company, AlphaGrep Holding HK Limited, has divested 4050 [40.50%] shares in its subsidiary, namely Lighthouse Financial Technologies Limited (formerly known as AlphaGrep Technologies Limited (AG TECH); and further in its subsidiaries Lighthouse Financial HK Limited [formerly known as Alpha Grep HK Limited (AG HK)] and Lighthouse Financial Trading Limited [Formerly known as AlphaGrep Trading Limited (AG TL)] w.e.f. February 21, 2017.

The stock of the company ended in red on Wednesday. In the last one year, the stock has given a return of 3%.

ICICI Prudential Mutual Fund and Axis Mutual Fund are the two fund houses which have invested in the stock of the company.

Stock view

Coffee Day Enterprises Ltd ended at Rs 231.5, down by Rs 4.9 or 2.07% from its previous closing of Rs 236.4 on the BSE.
 
The scrip opened at Rs 237.5 and touched a high and low of Rs 239 and Rs 230.4 respectively. A total of 142841(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4869.88 crore.
 
The BSE group 'B' stock of face value Rs 10 touched a 52 week high of Rs 276.9 on 20-May-2016 and a 52 week low of Rs 190.5 on 27-Dec-2016. Last one week high and low of the scrip stood at Rs 245.1 and Rs 227.8 respectively.
 
The promoters holding in the company stood at 52.62 % while Institutions and Non-Institutions held 6.44 % and 40.93 % respectively.
 
The stock traded above its 200 DMA.

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