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Indag Rubber gains on plan to acquire more than 51% stake in five companies

11 Aug 2016 Evaluate

Indag Rubber is currently trading at Rs. 175.50, up by 1.80 points or 1.04% from its previous closing of Rs. 173.70 on the BSE.

The scrip opened at Rs. 176.65 and has touched a high and low of Rs. 178.50 and Rs. 175.00 respectively. So far 2,625 shares were traded on the counter.

The BSE group 'XC' stock of face value Rs. 2 has touched a 52 week high of Rs. 237.00 on 02-Dec-2015 and a 52 week low of Rs. 145.60 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 186.00 and Rs. 170.00 respectively. The current market cap of the company is Rs. 460.69 crore.

The promoters holding in the company stood at 74.76%, while Institutions and Non-Institutions held 1.01% and 24.24% respectively.

Indag Rubber has agreed to acquire more than 51% shares or voting rights in five companies - Samyama Jyothi Solar Energy, Poorvaj Solar Energy, SUN Solar KFP Bellari, BG SUN Solar Hiriyur and Arete Elena Energy.

The total investment in above named 5 companies would not exceed more than Rs 30 crore in aggregate. The aforesaid 5 companies are Special Purpose Vehicle (SPV) which are yet to commence its business.

Indag Rubber is a tread manufacturing company. The company is engaged in the manufacturing of the Precured Tread Rubber, Bonding Repair and Extrusion Gum, and Rubber Cement, which are used for retreading of tires.


Indag Rubber Share Price

86.50 -0.97 (-1.11%)
16-Jun-2026 14:25 View Price Chart
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