GeeCee Ventures surges on entering into MOU with M Power Micro Finance

10 Nov 2016

GeeCee Ventures is currently trading at Rs. 130.00, up by 3.20 points or 2.52% from its previous closing of Rs. 126.80 on the BSE.

The scrip opened at Rs. 129.80 and has touched a high and low of Rs. 132.90 and Rs. 129.65 respectively. So far 8251 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 219.95 on 28-Jul-2016 and a 52 week low of Rs. 83.70 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 142.80 and Rs. 110.25 respectively. The current market cap of the company is Rs. 283.42 crore.

The promoters holding in the company stood at 68.21%, while Institutions and Non-Institutions held 0.02% and 31.78% respectively.

GeeCee Ventures has entered into a Memorandum of Understanding (MOU) with M Power Micro Finance to acquire up to 35% of the equity capital of M Power Micro Finance, a Non - Banking Financial company and is into micro finance industry. The Proposed transaction of Investment in equity shares is subject to the financial and legal due diligence of M Power Micro Finance & regulatory approvals and clearances as may be required.

GeeCee Ventures (Formerly Gwalior Chemical Industrial) is promoted by highly experienced entrepreneurs in the field of Manufacturing, Construction, Financial Services & Trading. The company’s vision is to achieve excellence through quality by continuously improving the value of the products and services provided to its customers to its customers.

Related GeeCee Ventures Ltd. Links:

GeeCee Ventures Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323