Coromandel International rises on completing amalgamation of Sabero Organics with itself

01 Jan 2015

Coromandel International is currently trading at Rs. 309.75, up by 1.80 points or 0.58% from its previous closing of Rs. 307.95 on the BSE.

The scrip opened at Rs. 310.90 and has touched a high and low of Rs. 310.90 and Rs. 307.95 respectively. So far 913 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 340.00 on 05-Nov-2014 and a 52 week low of Rs. 195.50 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 318.00 and Rs. 299.90 respectively. The current market cap of the company is Rs. 8833.73 crore.

The promoters holding in the company stood at 63.20% while Institutions and Non-Institutions held 12.22% and 24.59% respectively.

Coromandel International has formally completed the process of amalgamation of Sabero Organics Gujarat with itself. This follows the filing of the orders of the High Court of Hyderabad and High Court of Gujarat approving the scheme of amalgamation. With the filing of the court orders with the respective Registrar of Companies, the scheme has become effective from December 31, 2014.

Coromandel International is the country’s second-largest phosphatic fertilizer player. Its crop protection business produces insecticides, fungicides and herbicides and markets these products in India and across the globe. The firm has also ventured into the retail business, setting up more than 640 rural retail centres in Andhra Pradesh and Karnataka.

 

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Coromandel Interntl. Share Price

475.85 -0.90 (-0.19%) Nov 15, 18:01
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Coromandel Interntl. 475.85
National Fertilizers 25.85
Chambal Fert & Chem 156.00
RCF 48.05
GSFC 71.65
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SEBI Registered: Investment Adviser - INA000013323
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