Essel Propack is currently trading at Rs. 231.70, up by 1.10 points or 0.48% from its previous closing of Rs. 230.60 on the BSE.
The scrip opened at Rs. 241.40 and has touched a high and low of Rs. 241.40 and Rs. 230.10 respectively. So far 13428 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 245.20 on 21-Sep-2016 and a 52 week low of Rs. 132.50 on 20-Jan-2016.
Last one week high and low of the scrip stood at Rs. 245.20 and Rs. 209.50 respectively. The current market cap of the company is Rs. 3643.18 crore.
The promoters holding in the company stood at 57.03%, while Institutions and Non-Institutions held 16.49% and 26.48% respectively.
Essel Propack, a global leader in laminated plastic tubes catering to the FMCG & Pharma space, has announced a complete buyout of Essel Deutschland Germany (EDG). Following this transaction, EDG will be a 100% subsidiary of Essel Propack. Until now, Essel has been a JV partner with 24.9% share in EDG. The enterprise value of EDG stands at $32 million.
The acquisition will help Essel unlock synergies such as enhanced cross selling opportunity in the German markets, sourcing flexibility and better capacity utilization at all of its Europe plants. The EDG revenue of approximately $40 million will now be consolidated in Essel’s global revenue and will boost consolidated revenue by 11%. In FY16, Essel Propack’s consolidated revenue stood at Rs 2,184 crore.
Essel Propack, part of the $2.4 billion Essel Group, is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space.
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