Lloyd Electric & Engineering is currently trading at Rs. 210.30, up by 2.20 points or 1.06 % from its previous closing of Rs. 208.10 on the BSE.
The scrip opened at Rs. 215.00 and has touched a high and low of Rs. 218.00 and Rs. 206.50 respectively. So far 103096 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 276.70 on 10-Aug-2015 and a 52 week low of Rs. 108.00 on 01-Dec-2014.
Last one week high and low of the scrip stood at Rs. 229.90 and Rs. 176.30 respectively. The current market cap of the company is Rs. 755.85 crore.
The promoters holding in the company stood at 49.98 %, while Institutions and Non-Institutions held 8.61 % and 41.37 % respectively.
Lloyd Electric & Engineering has signed the asset and share purchase agreement (ASPA) to acquire Noske Kaeser’s Rail & Vehicle business in Germany, New Zealand, Australia, Brazil and United States. The said acquisition represents a strategic opportunity for the company to expand its product offering in Heating, Ventilation and Air conditioning (HVAC) solutions for rail and defense markets at global level. The acquisition is subject to regulatory approvals of authorities in respective countries. The transaction is expected to be completed by end of October 2015.
The acquisition process has been run by company’s in-house Mergers & Acquisitions Team along with Allen & Overy LLP, Hamburg, Germany as Legal Advisers and KPMG, Hamburg, Germany as Financial Due diligence Advisers.
Lloyd Electric & Engineering is in the business of manufacturing heat exchanger coils for air-conditioning and refrigeration application, ‘U’ bend and return bend for heat exchanger coils, system tubing and header line for air conditioner equipment and sheet metal items for air conditioner systems made from CNC presses and are leaders in India.
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