Siyaram Silk Mills gains on receiving approval for scheme of amalgamation

20 Dec 2016 Evaluate

Siyaram Silk Mills is currently trading at Rs. 1227.00, up by 7.75 points or 0.64% from its previous closing of Rs. 1219.25 on the BSE.

The scrip opened at Rs. 1227.00 and has touched a high and low of Rs. 1227.00 and Rs. 1227.00 respectively. So far 1 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1690.00 on 01-Nov-2016 and a 52 week low of Rs. 925.00 on 02-Mar-2016.

Last one week high and low of the scrip stood at Rs. 1266.20 and Rs. 1190.80 respectively. The current market cap of the company is Rs. 1150.19 crore.

The promoters holding in the company stood at 67.07%, while institutions and non-institutions held 8.24% and 24.69% respectively.

Siyaram Silk Mills has received an approval from High Court of Judicature at Bombay for Scheme of amalgamation with Balkrishna Synthetics. The Scheme will come into effect upon receipt of the certified copy of the order of the High Court and filing of the certified copy of the order with the Registrar of Companies at Mumbai, Maharashtra.

Siyaram Silk Mills is engaged in the business of manufacturing fabrics and readymade garments. The Company's portfolio includes Yarns, Home Furnishing, Retail, Ready to wear and fabrics.

Siyaram Silk Mills Share Price

435.50 -2.65 (-0.60%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Raymond 1808.50
Siyaram Silk Mills 435.50
Manomay Tex India 171.00
Ludlow Jute &Special 83.80
KG Denim 25.15
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