PAE zooms on inking pact with Bhuvan K. Ajmera to sell entire stake in PAE Renewables

05 Jan 2017 Evaluate

PAE is currently trading at Rs. 12.48, up by 0.57 points or 4.79% from its previous closing of Rs. 11.91 on the BSE.

The scrip opened at Rs. 12.80 and has touched a high and low of Rs. 12.97 and Rs. 11.85 respectively. So far 4500 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 17.95 on 06-Jan-2016 and a 52 week low of Rs. 9.67 on 29-Sep-2016.

Last one week high and low of the scrip stood at Rs. 12.97 and Rs. 10.36 respectively. The current market cap of the company is Rs. 13.00 crore.

The promoters holding in the company stood at 55.42%, while Institutions and Non-Institutions held 0.90% and 43.68% respectively.

PAE has entered into share purchase agreement on December 29, 2016 with Bhuvan K. Ajmera for sale of 100% holding of its Subsidiary Company namely PAE Renewables, consisting of 93,85,000 equity shares.

PAE is a marketing and distribution company in Lead Storage Batteries, Power Backup Systems, Automotive parts and Solar Photovoltaic Products.

PAE Share Price

7.00 0.26 (3.86%)
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