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Innovative Tech Pack soars on plan to acquire 22.74% stake in Jauss Polymers

07 May 2015 Evaluate

Innovative Tech Pack is currently trading at Rs. 34.60, up by 0.65 points or 1.91% from its previous closing of Rs. 33.95 on the BSE.

The scrip opened at Rs. 32.50 and has touched a high and low of Rs. 34.60 and Rs. 32.35 respectively. So far 3701 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 64.20 on 30-Jul-2014 and a 52 week low of Rs. 17.80 on 09-Dec-2014.

Last one week high and low of the scrip stood at Rs. 35.35 and Rs. 30.65 respectively. The current market cap of the company is Rs. 75.65 crore.

The promoters holding in the company stood at 73.66% while Institutions and Non-Institutions held 0.06% and 26.28% respectively.

Innovative Tech Pack has entered into Share Purchase Agreement (SPA) on May 06, 2015 with the promoters of Jauss Polymers for acquisition of 1055200 equity shares representing 22.74% of the total voting share capital of Jauss Polymers along with complete management and control in compliance with applicable provisions of SEBI (SAST) Regulation, 2011.

Innovative Tech Pack (ITPL) is engaged in the manufacturing and marketing of PET (Polyethylene Terephthalate) and PP (Polypropylene) plastic products. The company manufactures PET bottles, jars, and caps at its manufacturing plant located in the Mewat district of Haryana with installed capacities of 43 million bottles, 9 million jars, and 15 million caps. These products are used in the packaging of fruit juices, mineral water, carbonated drinks, edible oils, pharmaceuticals, cosmetics, and other products.

Innovative Tech Pack Share Price

14.00 0.25 (1.82%)
17-Apr-2026 16:59 View Price Chart
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