Essel Propack is currently buying and selling at Rs. 133.30, up by 0.Sixty five factors or zero.Forty nine% from its preceding remaining of Rs. 132.Sixty five on the BSE.

The scrip opened at Rs. 135.00 and has touched a high and low of Rs. One hundred thirty five.90 and Rs. 132.60 respectively. So a ways 29587 stocks were traded at the counter.

The BSE institution ‘B’ stock of face cost Rs. 2 has touched a 52 week high of Rs. 143.50 on 27-Apr-2018 and a 52 week low of Rs. 85.00 on 28-Nov-2018.

Last one week high and occasional of the scrip stood at Rs. A hundred thirty five.90 and Rs. 130.80 respectively. The modern-day market cap of the company is Rs. 4181.71 crore.

The promoters maintaining in the organisation stood at 57.03%, while Institutions and Non-Institutions held 20.Eleven% and 22.86% respectively.

Blackstone has entered into a definitive settlement with Ashok Goel Trust to purchase a majority stake in Essel Propack (EPL). Ashok Goel Trust and its associates currently hold about fifty seven% of EPL. Blackstone will pay a buy charge of Rs 134 consistent with percentage to collect a 51% shareholding from Ashok Goel Trust.

As in line with the Takeover Code in India, this transaction will trigger a obligatory open provide for a purchase of additional 26% stocks of the organization. The open offer price has been fixed at Rs 139.19 according to percentage. Based on the open offer subscription, the purchase fee consideration will vary among Rs 2,157 crore and Rs 3,211 crore (or, about $310 million – $462 million). Ashok Goel will keep a minority stake inside the employer. The sale is expected to complete within the coming months.