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Standard Industries touches roof on plan to transfer its leasehold rights in 62.25 acres land

02 Sep 2016 Evaluate

Standard Industries is locked at upper circuit at Rs. 30.35, up by 1.40 points or 4.84% from its previous closing of Rs. 28.95 on the BSE.

The scrip opened at Rs. 30.35 and has touched a high and low of Rs. 30.35 and Rs. 30.35 respectively. So far 34,000 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 30.65 on 03-Dec-2015 and a 52 week low of Rs. 20.00 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 30.35 and Rs. 26.60 respectively. The current market cap of the company is Rs. 195.24 crore.

The promoters holding in the company stood at 20.15%, while Institutions and Non-Institutions held 5.12% and 74.74% respectively.

Standard Industries has entered into a Memorandum of Understanding (MoU) on September 01, 2016, with Feat Properties to transfer and assign all its leasehold rights in 62.25 acres of the company’s leasehold property situated at Plot No.4 at Trans-Thane Creek Industrial Area in the villages of Ghansoli and Savali, Taluka Thane, for a consideration of Rs 355.00 crore.

This transfer, assignment and consideration is subject to various conditions precedent getting satisfied (including approval of MIDC) and other terms and conditions specified in the aforesaid Memorandum of Understanding.

Standard Industries is into the business of textiles apparels and chemicals. The textile and apparel division is engaged in manufacturing cotton, polyester, yarn and other fabrics and mens and womens readymade garment clothing. The company’s textile division manufactures and markets caustic soda and potash, chlorine, hydrochloric acid, potassium carbonate, ethyle chloride and other chemicals.


Standard Inds Share Price

15.82 0.02 (0.13%)
17-Apr-2026 16:59 View Price Chart
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