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Sutlej Textiles gains on plan to purchase Birla Textile Mills

02 Jul 2015 Evaluate

Sutlej Textiles & Industries is currently trading at Rs 486.00, up by 1.90 points or 0.39% from its previous closing of Rs 484.10 on the BSE.

The scrip opened at Rs. 487.10 and has touched a high and low of Rs. 489.00 and Rs. 475.00 respectively. So far 5397 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 502.50 on 01-Jul-2015 and a 52 week low of Rs. 292.30 on 27-Mar-2015.

Last one week high and low of the scrip stood at Rs 502.50 and Rs 385.00 respectively. The current market cap of the company is Rs 788.02 crore.

The promoters holding in the company stood at 63.83%, while Institutions and Non-Institutions held 0.04% and 36.14% respectively.

Sutlej Textiles and Industries has executed business purchase agreement for purchase of Birla Textile Mills (BTM), a Division of Chambal Fertilizers And Chemicals (CFCL), by Sutlej, as a going concern, on slump sale basis. The Competition Commission of India has already approved the present transaction. The transaction is subject to fulfillment of various other conditions, as mentioned in the aforesaid Business Purchase Agreement, and further requisite approvals. It is expected that the transaction shall be completed by September 30, 2015.

Sutlej Textiles excels in all stages of textiles productions. Its versatile production facilities are vertically integrated, From Spinning and Home Textile.

Sutlej Textiles&Inds Share Price

36.86 -0.23 (-0.62%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 26.12
Filatex India 44.94
Nitin Spinners 419.70
Nahar Spinning Mills 249.20
Sanathan Textiles 427.00
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