Shares of Chennai- based Empee Distilleries, a manufacturer of Indian made foreign liquor, after listing on bourses today, settled at 20.52% premium on the Bombay Stock Exchange (BSE).
Shares opened at an issue price of Rs 400. It touched a high of Rs 489, a low of Rs 301. Shares finally closed at a discount of Rs 82.1, or 20.52%, at Rs 317.90. Total volume of shares traded was 5,125,457.
Promoted by MP Purushothaman, EDL is engaged in the manufacture of Indian made foreign liquor (IMFL). The company entered into the beverages and distillery Industry in the year 1984 by starting manufacture of IMFL products by means of setting up of the first distillery unit at Mevaloorkuppam, Tamil Nadu. Presently, it has two facilities to manufacture various IMFL products with total capacity of 5,992,800 cases per annum. It is one of the major suppliers of IMFL products to the Tamil Nadu State Marketing Corporation (TASMAC) and one of the top ten selling brands of IMFL 180 ML pack.
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