Sandhar Technologies gains on acquiring 19.92% share capital in M/s Sandhar Tooling

25 Jan 2024 Evaluate

Sandhar Technologies is currently trading at Rs. 462.00, up by 6.50 points or 1.43% from its previous closing of Rs. 455.50 on the BSE.

The scrip opened at Rs. 459.95 and has touched a high and low of Rs. 465.55 and Rs. 459.30 respectively. So far 616 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 531.60 on 01-Dec-2023 and a 52 week low of Rs. 186.10 on 03-Apr-2023.

Last one week high and low of the scrip stood at Rs. 481.00 and Rs. 451.00 respectively. The current market cap of the company is Rs. 2781.11 crore.

The promoters holding in the company stood at 70.38%, while Institutions and Non-Institutions held 17.92% and 11.69% respectively.

Sandhar Technologies has acquired 11,95,000 equity shares equivalent to 19.92% of total issued and paid up share capital of M/s Sandhar Tooling from M/s Stitch Overseas. Accordingly, the Shareholding of the Company in the investee company post said acquisition is 99.84% of the total issued and paid up share Capital of the M/s Sandhar Tooling.

Further, the remaining 10,000 Equity Shares equivalent to 0.16% of total issued and paid up Share Capital of Investee Company, as and when acquired from the existing shareholder of the Investee Company, will be intimated.

Sandhar Technologies has established itself as manufacturer of automobile accessories, safety locks, door hardware etc.

Sandhar Tech Share Price

561.40 -0.80 (-0.14%)
14-Jun-2024 11:27 View Price Chart
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SamvardhanaMotherson 173.85
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