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Centum Electronics advances on acquiring 51% stake in French based Adetel Group

20 Jun 2016 Evaluate

Centum Electronics is currently trading at Rs. 552.00, up by 2.60 points or 0.47% from its previous closing of Rs. 549.40 on the BSE.

The scrip opened at Rs. 545.00 and has touched a high and low of Rs. 562.00 and Rs. 545.00 respectively. So far 3,943 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 931.50 on 07-Aug-2015 and a 52 week low of Rs. 478.00 on 07-Jun-2016.

Last one week high and low of the scrip stood at Rs. 583.40 and Rs. 540.10 respectively. The current market cap of the company is Rs. 698.88 crore.

The promoters holding in the company stood at 59.85%, while Institutions and Non-Institutions held 13.70% and 26.45% respectively.

Centum Electronics, a diversified electronics company based in Bangalore, offering a broad range of products and services in Defence, Aerospace, Space, Industrial, Medical and Communications, has made acquisition of Adetel Group of France. The company will hold 51% percent controlling stake in Adetel Group.

The new partnership translates to greater international presence for the group, both in terms of operations and scale for its products, technologies and competencies. The group can leverage on the high technology capabilities & creativity of Adetel along with the cost competitiveness of India and Centum in particular to increase their market share in the Global Markets.

Adetel specializes in design, development and industrialization of embedded electronic systems for defence, aerospace, industrial, transportation, medical and energy sectors.


Centrum Electronics Share Price

3083.75 36.65 (1.20%)
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