Ingersoll Rand rises on completing acquisition of assets of Cameron Manufacturing (India)

05 Jan 2015

Ingersoll-Rand (India) is currently trading at Rs. 891.00, up by 4.60 points or 0.52% from its previous closing of Rs. 886.40 on the BSE.

The scrip opened at Rs. 895.00 and has touched a high and low of Rs. 902.00 and Rs. 886.00 respectively. So far 2081 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 956.85 on 03-Dec-2014 and a 52 week low of Rs. 345.05 on 19-Feb-2014.

Last one week high and low of the scrip stood at Rs. 923.40 and Rs. 839.95 respectively. The current market cap of the company is Rs. 2799.45 crore.

The promoters holding in the company stood at 74.00% while Institutions and Non-Institutions held 8.57% and 17.43% respectively.

Ingersoll-Rand (India) has completed the purchase of assets relating to the Centrifugal Compression Division of Cameron Manufacturing (India). The asset purchase transaction has been closed and completed on January 02, 2014 for a consideration of about Rs 1.48 crore.

Consequent to the closing of the transaction the assets relating to the Centrifugal Compression Division of Cameron Manufacturing (India) stands transferred to the company.

Ingersoll-Rand (India) manufactures air compressors of various capacities for the domestic and export markets. The company derives revenue from sale of reciprocating, rotary, and centrifugal compressors and spares in the domestic market, and from exports to parent and group companies.

 

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