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India Glycols surges on receiving approval to sell its entire stake in IGL Infrastructure

India Glycols Ltd. | Breweries & Distilleries | FMCG | BSE: 500201 | NSE: INDIAGLYCO

11 Aug 2015 Evaluate

India Glycols is currently trading at Rs. 111.40, up by 12.30 points or 12.41% from its previous closing of Rs. 99.10 on the BSE.

The scrip opened at Rs. 109.80 and has touched a high and low of Rs. 112.20 and Rs. 107.10 respectively. So far 1,18,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 157.30 on 09-Sep-2014 and a 52 week low of Rs. 75.10 on 24-Mar-2015.

Last one week high and low of the scrip stood at Rs. 112.20 and Rs. 95.50 respectively. The current market cap of the company is Rs. 344.00 crore.

The promoters holding in the company stood at 61.07% while Institutions and Non-Institutions held 1.93% and 37.00% respectively.

India Glycols has received an approval for sale of its investment in its wholly owned subsidiary company, IGL Infrastructure, and decided to sell the entire holding of 50,000 equity shares of Rs 10 each of IGL Infrastructure at a value not less than Rs 2.22 crore being the net assets value, as on July 31, 2015, based on the valuation report, as determined by independent Chartered Accountant.

The board of directors at their meeting held on August 10, 2015 has approved for the same. The board of directors approved the sale of the shares at a value of Rs 3 crore.

India Glycols is engaged in the business of manufacturing glycols, ethoxylates and PEGs, performance chemicals, glycol ether and acetates, guar gum and potable alcohol.

India Glycols Share Price

963.80 27.50 (2.94%)

16-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
United Spirits	1254.65
United Breweries	1459.15
Radico Khaitan	3035.70
India Glycols	963.80
Allied Blenders	539.90
View more..

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India Glycols surges on receiving approval to sell its entire stake in IGL Infrastructure

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