Kanoria Chemicals shines on obtaining stake in its subsidiary business enterprise

Kanoria Chemicals shines on obtaining stake in its subsidiary business enterprise

by admin- Tuesday, December 11th, 2018 06:14:15 PM

Kanoria Chemicals & Industries is currently buying and selling at Rs. 60.00, up by way of 1.80 factors or 3.09% from its previous closing of Rs. Fifty eight.20 at the BSE.

The scrip opened at Rs. Fifty eight.95 and has touched a high and occasional of Rs. 60.00 and Rs. Fifty eight.Ninety five respectively. So a long way 1147 shares were traded on the counter.

The BSE group ‘B’ inventory of face fee Rs. 5 has touched a fifty two week high of Rs. 112.50 on 10-Jan-2018 and a 52 week low of Rs. 55.05 on 25-Oct-2018.

Last one week excessive and coffee of the scrip stood at Rs. 60.65 and Rs. 58.00 respectively. The present day market cap of the company is Rs. 257.79 crore.

The promoters holding within the corporation stood at 74.Forty three%, at the same time as Institutions and Non-Institutions held zero.28% and 25.29% respectively.

Kanoria Chemicals & Industries has obtained 10,551,560 shares in its subsidiary enterprise, Kanoria Africa Textiles PLC, Ethiopia (KATP), at face cost of 10.00 Birr according to share. On acquisition of those shares, the agency’s shareholding in KATP become extended from the prevailing 78.68% to eighty four.Forty five% of its equity capital.

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