Thirumalai Chemicals surges on getting nod for formation of WOS in Netherlands

Thirumalai Chemicals surges on getting nod for formation of WOS in Netherlands

by admin- Tuesday, January 8th, 2019 04:15:49 PM

Thirumalai Chemicals is currently buying and selling at Rs. 107.35, up by 1.10 factors or 1.04% from its previous last of Rs. 106.25 at the BSE.

The scrip opened at Rs. 106.50 and has touched a high and low of Rs. 109.25 and Rs. 105.Sixty five respectively. So a ways 25246 shares had been traded on the counter.

The BSE organization ‘B’ stock of face price Rs. 1 has touched a 52 week excessive of Rs. 243.70 on 09-Jan-2018 and a fifty two week low of Rs. 101.70 on 11-Dec-2018.

Last one week excessive and occasional of the scrip stood at Rs. 114.30 and Rs. 104.25 respectively. The contemporary market cap of the organisation is Rs. 1094.53 crore.

The promoters keeping in the organisation stood at 41.Fifty two%, while Institutions and Non-Institutions held 3.Forty eight% and 55.00% respectively.

Thirumalai Chemicals has obtained approval from its board for formation of a Wholly Owned Subsidiary (WOS) inside the Netherlands for marketing and distribution of the corporation’s merchandise in Europe and different countries. The subsidiary in Europe may even take care of REACH Compliances. The initial funding could be up to euro two hundred,000.

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