Nexpact Limited Acquires Stake in Surging Aayush Wellness
Mauritius-based Nexpact Limited acquires a significant stake in Aayush Wellness Limited on BSE, reinforcing investor confidence. The shares have skyrocketed 5,280% in the past year, contributing to the robust financial performance and strategic growth initiatives, including a bonus issue and rights offering for further expansion plans.
- Country:
- India
Nexpact Limited, a Mauritius-based global investment firm, has acquired a significant stake in Aayush Wellness Limited, a leading health-focused consumer products company, in a transaction on the Bombay Stock Exchange.
The purchase involved 1,70,070 shares at an average price of Rs. 154.30 per share, totaling Rs. 2.62 crore, signaling enhanced investor confidence in Aayush Wellness's growth trajectory.
Aayush Wellness's shares soared 5,280% over the past year. The company reported exceptional financial performance with significant revenue and profit growth, and announced a bonus issue to bolster market accessibility and liquidity.
(With inputs from agencies.)
ALSO READ
Supreme Court Criticizes Absenteeism of Centre's Legal Representatives
Scholz Defends Absence from Key Ukraine Meetings
Congress Slams 'Hollow' Resolutions, Questions Absence of Key Ministers During Constitution Debate
Congress Accuses Modi of Obsession with Nehru Amidst Political Tensions
Congress Criticizes PM Modi's Nehru Obsession