Hanung Toys and Textiles has rallied 8.5% to Rs 105.75, extending its over 22% surged in past two trading days, on back of huge volumes. The trading volumes on the counter jumped almost four-fold today.
"Board of Directors of the company at its meeting held on April 27, 2011 has decided that its GDR issue would now be closed for subscription on or before May 06, 2011," the company said in a filing to the Bombay Stock Exchange.
Hanung Toys and Textiles is trading higher by 3% at Rs 217 after the company acquired a controlling stake in the US-based Cody Direct Corp. However, the company did not disclose the financial details of the deal.
Leading manufacturer and exporter of soft toys Hanung Toys and Textiles today said it has acquired a controlling stake in the US-based Cody Direct Corp for an undisclosed amount.
Hanung Toys & Textiles Ltd said on Monday its board has decided against buying back its shares as it would be in conflict with the firm's expansion plans.
Hanung Toys & Textiles is trading up 6% at Rs 253 levels after the company has signed export order tie-up with a leading US buyer, for exporting value added home furnishing to the extent of $ 90 million (about 400 crore).
