Mumbai, December 11 (Udaipur Kiran): Shares of Danube Industries Ltd were trading higher on Thursday after the company received approval to acquire a controlling stake in JCR Fashion Retail. The stock was trading at Rs 7.62, up by 0.06 points or 0.79 per cent from its previous close of Rs 7.56.

The scrip opened at Rs 7.66 and touched an intraday high of Rs 7.66 and a low of Rs 7.30. A total of 1,07,800 shares were traded on the counter during the session.

The BSE Group ‘X’ stock, with a face value of Rs 2, had touched a 52-week high of Rs 7.95 on November 19, 2025, and a 52-week low of Rs 3.00 on March 28, 2025. Over the last one week, the stock moved between a high of Rs 7.66 and a low of Rs 6.87. The company’s current market capitalisation stands at Rs 68.70 crore.

Promoter holding in the company stands at 39.93 per cent, while non-institutional investors hold 60.07 per cent.

Danube Industries has received approval to acquire around 51 per cent stake in JCR Fashion Retail, thereby making it a subsidiary of the company. The objective of the acquisition is strategic expansion, diversification, integration and investment purposes. The acquisition is expected to be completed within nine months.

The Board of Directors approved the proposal at its meeting held on December 11, 2025.

Danube Industries operates in various business activities including manufacturing all varieties of pulp, paper and board from conventional and non-conventional raw materials, as well as setting up related factories.

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