Latest news with #IFLEnterprises
Economic Times
8 hours ago
- Business
- Economic Times
Singapore-based Unique Global to acquire up to 12% stake in IFL Enterprises
Synopsis IFL Enterprises may get a boost. Unique Global Managed Services of Singapore wants to buy 12% of the company. The board will discuss the offer on August 1. The offer price is Rs 2 per share. This is more than double the current price. Four Foreign Portfolio Investors recently bought 16.08% stake.
Mint
11 hours ago
- Business
- Mint
Penny stock under ₹2 hits upper circuit despite selling pressure in Indian stock market; here's why
IFL Enterprises share price was locked in at 5% upper circuit on Thursday, extending rally for the fourth consecutive session, led by heavy buying volumes. The smallcap stock hit a 5% upper circuit of ₹ 1.05 apiece on the BSE. IFL Enterprises shares have jumped 18% in four sessions, boosted by sustained buying momentum. The latest gains in IFL Enterprises shares comes after the company announced to enter into Organic Waste Management and recycling business. The new venture is part of the company's strategic plan to diversify its portfolio and tap into emerging and high-demand sectors. The Organic Waste Management & Recycling industry is projected to grow at a CAGR of 10–12% over the next five years. The company anticipates substantial long-term value addition from this venture in terms of revenue generation, environmental impact, and capital appreciation for shareholders, IFL Enterprises said in a release. The company's Board of Directors at its meeting held on 24 July, 2025 has approved the foray into the Organic Waste Management and recycling business. With this approval, IFL Enterprises said it will immediately initiate the next operational steps including, hiring a qualified and experienced R&D and technical team specializing in waste management technologies and regulatory compliance. The company will also commence evaluation and acquisition of relevant machinery and equipment tailored to organic waste processing and recycling along with identifying and surveying suitable land locations across key industrial and municipal zones for setting up processing units and operational hubs, it added. IFL Enterprises also announced that its board of directors is scheduled to meet on August 1, 2025, to consider and evaluate the proposal of Singapore based Unique Global Managed Services PTE. Ltd to acquire up to 12% equity stake through Strategic Investment Route. The company received a Letter of Intent from the Singapore based entity to acquire the 12% strategic minority stake in the company at an indicative reference price of ₹ 2 per share – which represents approximately 100% premium to current share price. Recently, four Foreign Portfolio Investors (FPIs) have also acquired a total of 16.08% stake in the company as on 11th July 2025. Minerva Venture Fund, Nautilus Private Capital Ltd, Al Maha Investment Fund PCC-ONYX Strategy, and Nova Global Opportunities Fund PCC – Touchstone have acquired 4.02% equity stake each in the company as per shareholding pattern on the stock exchanges. IFL Enterprises share price has fallen 8% in one month, but the penny stock has jumped 55% in three months. Over the past six months, the smallcap stock has rallied 32%, while it has risen 12% on a year-to-date (YTD) basis. IFL Enterprises shares have declined 87% in two years, but has delivered multibagger returns of 450% in five years. At 2:50 PM, IFL Enterprises share price was still locked in at 5% upper circuit of ₹ 1.05 apiece on the BSE.
News18
12 hours ago
- Business
- News18
IFL Enterprises to enter into organic waste management and recycling business
Agency: PTI New Delhi, Jul 24 (PTI) Ahmedabad-based IFL Enterprises on Thursday said its board has approved a proposal for entering into the business of organic waste management & recycling. The new venture is part of the company's strategic plan to diversify its portfolio and tap into emerging and high-demand sectors, the company said in a statement. The Organic Waste Management & Recycling industry is projected to grow at a compound annual growth rate (CAGR) of 10-12 per cent over the next five years , it added. IFL Enterprises Director Meet Chhatrala said, 'Expansion reflects IFL Enterprises' commitment to future-ready business models and long-term value creation for its stakeholders." The agri commodity trader recently announced that Singapore based Unique Global Managed Services Pte Ltd has offered to acquire up to 12 per cent equity stake through strategic investment route at 100 per cent premium to existing share price. PTI HG KKS MR Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
13 hours ago
- Business
- Mint
Penny stock under ₹2 hits upper circuit despite selling pressure in Indian stock market; here's why
IFL Enterprises share price was locked in at 5% upper circuit on Thursday, extending rally for the fourth consecutive session, led by heavy buying volumes. The smallcap stock hit a 5% upper circuit of ₹ 1.05 apiece on the BSE. IFL Enterprises shares have jumped 18% in four sessions, boosted by sustained buying momentum. The latest gains in IFL Enterprises shares comes after the company announced to enter into Organic Waste Management and recycling business. The new venture is part of the company's strategic plan to diversify its portfolio and tap into emerging and high-demand sectors. The Organic Waste Management & Recycling industry is projected to grow at a CAGR of 10–12% over the next five years. The company anticipates substantial long-term value addition from this venture in terms of revenue generation, environmental impact, and capital appreciation for shareholders, IFL Enterprises said in a release. The company's Board of Directors at its meeting held on 24 July, 2025 has approved the foray into the Organic Waste Management and recycling business. With this approval, IFL Enterprises said it will immediately initiate the next operational steps including, hiring a qualified and experienced R&D and technical team specializing in waste management technologies and regulatory compliance. The company will also commence evaluation and acquisition of relevant machinery and equipment tailored to organic waste processing and recycling along with identifying and surveying suitable land locations across key industrial and municipal zones for setting up processing units and operational hubs, it added. IFL Enterprises also announced that its board of directors is scheduled to meet on August 1, 2025, to consider and evaluate the proposal of Singapore based Unique Global Managed Services PTE. Ltd to acquire up to 12% equity stake through Strategic Investment Route. The company received a Letter of Intent from the Singapore based entity to acquire the 12% strategic minority stake in the company at an indicative reference price of ₹ 2 per share – which represents approximately 100% premium to current share price. Recently, four Foreign Portfolio Investors (FPIs) have also acquired a total of 16.08% stake in the company as on 11th July 2025. Minerva Venture Fund, Nautilus Private Capital Ltd, Al Maha Investment Fund PCC-ONYX Strategy, and Nova Global Opportunities Fund PCC – Touchstone have acquired 4.02% equity stake each in the company as per shareholding pattern on the stock exchanges. IFL Enterprises share price has fallen 8% in one month, but the penny stock has jumped 55% in three months. Over the past six months, the smallcap stock has rallied 32%, while it has risen 12% on a year-to-date (YTD) basis. IFL Enterprises shares have declined 87% in two years, but has delivered multibagger returns of 450% in five years. At 2:50 PM, IFL Enterprises share price was still locked in at 5% upper circuit of ₹ 1.05 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
a day ago
- Business
- Time of India
Singapore-based Unique Global to acquire up to 12% stake in IFL Enterprises
Agri commodity trader IFL Enterprises on Tuesday said Singapore-based Unique Global Managed Services has offered to buy up to 12 per cent stake in the company. The Ahmedabad-based company informed stock exchanges that its board will meet on August 1 to consider Unique Global Managed Services' proposal to acquire up to 12 per cent shareholding through the strategic investment route. Explore courses from Top Institutes in Please select course: Select a Course Category Artificial Intelligence healthcare Management Degree MCA Project Management others Healthcare Finance Data Analytics Cybersecurity Technology Data Science Data Science Digital Marketing Others CXO Design Thinking MBA PGDM Product Management Public Policy Leadership Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details "IFL Enterprises has received a Letter of Intent (LOI) from the Singapore-based entity, Unique Global, to acquire a 12 per cent strategic minority stake in the company at an indicative reference price of Rs 2 per share," IFL said in a statement. The offer price represents over 100 per cent premium to current share price, it added. "This proposed investment marks a significant step in our efforts to strengthen the Company's capital base, accelerate growth plans, and enhance shareholder value," IFL said. Live Events The investment is intended to be long-term and strategic in nature and the proposed stake will be acquired in full compliance with SEBI, FEMA, and RBI regulations, IFL said. Unique Global Managed Services has diversified interests in wholesale trade, business consulting, and global ventures. IFL is engaged in the agri commodity business, including import, export and trading of agri commodities. Recently four FPIs have acquired total of 16.08 per cent stake in the company. It reported revenue from operations of Rs 120.60 crore in FY25, over 13-fold rise compared to Rs 8.24 crore in 2023-24.
