Suditi Industries surges on deal with Anushka Sharma's company

NEW DELHI: Shares of Suditi Industries gained 1 per cent on Thursday after the company approved joint venture proposal with Project Anushka Sharma Lifestyles, a company promoted by actress Anushka Sharma.

Following the development, the stock gained 1.74 per cent to Rs 76 on BSE. It opened at Rs 82.80 and touched an intraday high and low of Rs 82.90 and Rs 76 respectively.

Project Anushka Sharma Lifestyles, a company promoted by actress Anushka Sharma and her family members and Suditi Industries will promote the sales business activity of fashion garments and clothing apparels particularly in the women's segment.

In a filing to BSE, the company said "Both the companies are forming jointly another private company in the name SAA & SUDITI Retail Private Limited."

Promoters held 73.23 per cent stake in the company as of June 2017.

For the quarter ended June 30, 2017, Suditi Industries reported total revenue at 35.30 crore and net profit stood at 0.66 crore.