Bengaluru, Nov. 18 -- The company, known for its diversified trading and investment ventures, is making a strategic move in the wellness sector. The company plans to acquire a 36 percent stake in Kumkum Wellness through a share-swap deal, signaling expansion into new growth areas.

Sellwin Traders Limited's stock, with a market capitalisation of Rs. 239.55 crores, rose to Rs. 10.20, hitting the intraday upper circuit, up 5 percent from its previous closing price of Rs. 9.72. Furthermore, the stock over the past year has given a return of 140 percent.

What Happened?

The company has signed a memorandum of understanding (MoU) with Kumkum Wellness Private Limited, operator of the wellness brand KAYAPALAT, to acquire a 36% equity stake throu...