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Polyplex Corporation surges on hiking stake in Polyplex Thailand to 54.08%

Polyplex Corporation Ltd. | Plastic Products | Chemicals & Fertilizers | BSE: 524051 | NSE: POLYPLEX

10 Jun 2016 Evaluate

Polyplex Corporation is currently trading at Rs. 277.55, up by 2.70 points or 0.98% from its previous closing of Rs. 274.85 on the BSE.

The scrip opened at Rs. 277.00 and has touched a high and low of Rs. 281.95 and Rs. 276.25 respectively. So far 381 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 327.70 on 05-Aug-2015 and a 52 week low of Rs. 177.00 on 19-Jun-2015.

Last one week high and low of the scrip stood at Rs. 281.95 and Rs. 265.00 respectively. The current market cap of the company is Rs. 879.10 crore.

The promoters holding in the company stood at 50.03% while Institutions and Non-Institutions held 8.50% and 41.47% respectively.

Polyplex Corporation has hiked its stake in Polyplex Thailand from 51.00% to 54.08%. This is pursuant to allotment of shares by Polyplex (Thailand) Public Company, Thailand (Polyplex Thailand), a company listed on the stock exchange of Thailand, to the company and its wholly owned subsidiary viz. Polyplex (Asia), Singapore, pursuant to the Rights offering of ordinary shares (including purchases from open market).

The company’s direct stake in Polyplex Thailand prior to allotment / market purchase of aforesaid shares was 16.50% and through its wholly owned subsidiary ‘Polyplex (Asia)’, the same was 34.50% and hence the collective stake was at 51.00%.

Besides, the rights offering of shares have been made by Polyplex Thailand, at a price of Baht 6.40 per share of the face value of Baht 1.00 each.

Polyplex Corporation Share Price

886.65 -3.10 (-0.35%)

17-Apr-2026 16:59 View Price Chart

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Polyplex Corporation surges on hiking stake in Polyplex Thailand to 54.08%

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