New Delhi, March 1 -- Multibagger stock Elitecon International will remain in focus on Monday after Mauritius-based Minerva Ventures bought 8.58% stake in the company. The multibagger stock ended Friday's trading session in red, settling 1.36% lower at Rs.58.19.

In an exchange filing, Mauritius-based Minerva Ventures said that it has acquired 13.7 crore or 8.58% stake in Elitecon International via warrants issue and open market transactions.

However, the Mauritius-based FII didn't reveal the cost of stake acquisition in the tobacco company. After the completion of the transaction, the total voting share capital of Elitecon International Limited stands at 1,598,500,000 shares.

On February 27, the company said its manufacturing unit in N...