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Atul spurts on acquiring 49% additional stake in Anchor Adhesives

19 Feb 2016 Evaluate

Atul is currently trading at Rs. 1390.00, up by 24.75 points or 1.81% from its previous closing of Rs. 1365.25 on the BSE.

The scrip opened at Rs. 1368.00 and has touched a high and low of Rs. 1400.45 and Rs. 1368.00 respectively. So far 133 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1805.00 on 03-Nov-2015 and a 52 week low of Rs. 1034.35 on 26-Mar-2015.

Last one week high and low of the scrip stood at Rs. 1444.95 and Rs. 1275.20 respectively. The current market cap of the company is Rs. 4122.98 crore.

The promoters holding in the company stood at 50.83% while Institutions and Non-Institutions held 19.31% and 29.85% respectively.

Atul has picked up an additional 49% stake in Anchor Adhesives, owner of the Polygrip brand for a cash consideration of Rs 80.27 lakh. It increased the stake in the resins and adhesives manufacturer to 98.99% making it a subsidiary of Atul.

The company held permanent and exclusive rights to use the Polygrip mark since June 2010. Done at arm’s length, promoters, promoter group and group companies of Atul do not have any interest in Anchor Adhesives.

Atul is a member of Lalbhai Group, one of the oldest business houses of India, with interests mainly in textiles and chemicals. The Group is strongly committed to serve the society in the fields of education, health as well as culture.

Atul Share Price

6611.00 0.15 (0.00%)
25-Jun-2026 11:39 View Price Chart
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