Clariant Chemicals (India) is currently trading at Rs. 701.95, up by 41.90 points or 6.35% from its previous closing of Rs. 660.05 on the BSE.
The scrip opened at Rs. 669.00 and has touched a high and low of Rs. 741.90 and Rs. 662.00 respectively. So far 111514 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 741.90 on 15-Apr-2013 and a 52 week low of Rs. 371.10 on 28-Jun-2013.
Last one week high and low of the scrip stood at Rs. 741.90 and Rs. 645.55 respectively. The current market cap of the company is Rs. 1919.04 crore.
The promoters holding in the company stood at 63.40% while Institutions and Non-Institutions held 8.64% and 27.96% respectively.
Clariant Chemicals (India) has entered into an agreement to sell its land located in Kolshet, Thane aggregating to about 87 acres to Ishwer Realty and Technologies, a subsidiary of Lodha Developers for an aggregate consideration of Rs 1,154.25 crore. The company has taken this step in accordance with the approval of shareholders.
Further, the transaction is subject to customary closing conditions and is subject to relevant approvals and permissions from the Government and other Statutory Bodies, as may be necessary.
Clariant Chemicals (India) represents a valuable repository of manufacturing and marketing experience. Its constituents were all well respected companies who played an invaluable role in the development of the textiles, leather, paints, plastics, printing inks and agrochemicals industries in India.
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