Aarti Industries is currently trading at Rs. 734.05, up by 29.40 points or 4.17% from its previous closing of Rs. 704.65 on the BSE.
The scrip opened at Rs. 720.00 and has touched a high and low of Rs. 740.00 and Rs. 720.00 respectively. So far 10548 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 740.00 on 18-Oct-2016 and a 52 week low of Rs. 417.00 on 26-Feb-2016.
Last one week high and low of the scrip stood at Rs. 740.00 and Rs. 685.40 respectively. The current market cap of the company is Rs. 6134.05 crore.
The promoters holding in the company stood at 54.80%, while institutions and non-institutions held 15.47% and 29.72% respectively.
Aarti Industries has received its board’s approval for the buyback of up to 1.20 million equity shares representing up to 1.44% of the total equity of the company at a price of Rs 800 for an aggregate amount of up to Rs 96 crore on a proportionate basis through the “tender offer”. The company’s board gave approval for the same at its meeting held on October 17, 2016.
Members of the promoter and promoter group of the company have indicated their intention to participate in the proposed buyback. The company has fixed November 02, 2016 as the record date for the purpose of buyback of equity shares.
As of June 30, 2016 the promoters held 54.80% stake in Aarti Industries. Individual shareholders held 27.11% holding, followed by mutual funds (12.06%) and foreign portfolio investors (3.39%).
Aarti Industries is engaged in manufacturing of dyes, pigments, pharmaceuticals, agro chemicals and rubber chemicals. It operates in four segments: basic chemicals, specialty chemicals, agro chemicals and pharmaceuticals.
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