RCPL has acquired about 51 per cent stake in Lotus Chocolate for Rs 74 crore

Reliance Consumer Completes Acquisition Of Controlling Stake In Lotus Chocolate

The deal was announced on December 29, 2022. RCPL, Lotus Chocolate Company Limited and Prakash P Pai, Ananth P Pai and other members of the promoter group of Lotus signed the deal.

Reliance completes acquisition of 51% stake in Lotus Chocolate Company

RCPL completed the acquisition of a 51% stake in Lotus Chocolate for an aggregate consideration of Rs 74 crore and subscribed to non-cumulative redeemable preference shares of Lotus for an aggregate consideration of Rs 25 crore.

Reliance completes acquisition of Lotus Chocolate

Lotus Chocolate Standalone March 2023 Net Sales at Rs 12.33 crore, down 52.87% Y-o-Y

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Open offer to Lotus Chocolate shareholders begins on March 16 now

Reliance Ind, Lotus Chocolate, BEL, Central Bank, BEML, Duke Offshore, BPCL, Star Housing, ACC, Ambuja Cements, Asian Paints, NHPC, Lokesh Machines, JK Tyre, GK Infraprojects

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Lotus Chocolate shares have given multibagger return of more than 192% in just a month

This chocolate maker’s stock gives multibagger return of over 192% in just a mth

Lotus Chocolate shares have given multibagger return of more than 122% in just a month

Multibagger stock hits upper circuit for 19th straight session, up 122% in a mth

Shares of Lotus Chocolate hit a new high of Rs 209.90 today. They were locked at 5 per cent upper circuit for 16th straight day

This packaged food company’s share price has zoomed over 100% in 3 weeks

Companies offer to acquire 33.38 lakh shares of Lotus Chocolate from the open market at a fixed price of ₹115.50 per share

Reliance makes open offer for additional stake in Lotus Chocolates

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Lotus Chocolate Co Ltd is engaged in the production of cocoa powder and cocoa mass