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Yuken India trades jubilantly on getting nod to enter into an agreement with Grotek Enterprises

22 Sep 2016 Evaluate

Yuken India is currently trading at Rs. 380.50, up by 32.05 points or 9.20% from its previous closing of Rs. 348.45 on the BSE.

The scrip opened at Rs. 394.00 and has touched a high and low of Rs. 394.00 and Rs. 372.00 respectively. So far 3012 shares were traded on the counter.

The BSE group 'XC' stock of face value Rs. 10 has touched a 52 week high of Rs. 536.10 on 08-Dec-2015 and a 52 week low of Rs. 245.00 on 15-Oct-2015.

Last one week high and low of the scrip stood at Rs. 394.00 and Rs. 316.00 respectively. The current market cap of the company is Rs. 114.84 crore.

The promoters holding in the company stood at 52.50%, while institutions and non-institutions held 0.05% and 47.45% respectively.

Yuken India has received its board’s approval for proposal to enter into an agreement with Grotek Enterprises, Bangalore, which is going to be a 100% subsidiary of Yuken India, for divesting the company’s foundries business (undertaking) operated at Mahadevapura, Bangalore and Malur, Kolar District on slump sale basis, effective October 01, 2016.

The transaction is pursuant to section 180(1)(a) of the Companies Act, 2013, and is subject to the approval of shareholders and other regulatory bodies as applicable. The value of the transaction will be determined based on the Due Diligence and the valuation of the business undertaking by the consultants and advisors appointed for the said purpose.

Yuken India Share Price

783.95 -7.65 (-0.97%)
03-Jul-2026 16:59 View Price Chart
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