Chembond Chemicals is currently trading at Rs. 207.00, up by 1.55 points or 0.75% from its previous closing of Rs. 205.45 on the BSE.
The scrip opened at Rs. 206.00 and has touched a high and low of Rs. 209.50 and Rs. 205.00 respectively. So far 3778 shares were traded on the counter.
The BSE group 'XC' stock of face value Rs. 5 has touched a 52 week high of Rs. 257.48 on 28-Jul-2016 and a 52 week low of Rs. 159.50 on 17-Feb-2016.
Last one week high and low of the scrip stood at Rs. 220.00 and Rs. 199.30 respectively. The current market cap of the company is Rs. 277.84 crore.
The promoters holding in the company stood at 69.60%, while Institutions and Non-Institutions held 0.36% and 30.04% respectively.
Chembond Chemicals has entered into a Share Purchase Agreement (SPA) with I-Chem Solution Sdn Bhd, Malaysia and I-Chembond Water Sdn Bhd, Malaysia, whereby the company, subject to the conditions to be fulfilled as per the SPA, would acquire additional 49% of the equity shares of I-Chembond Water Sdn Bhd, Malaysia.
Post fulfillment of all the necessary terms, conditions & requirements as mentioned in the SPA, the company would hold 100% of equity share capital of I-Chembond Water Sdn Bhd, Malaysia. Further, pursuant to the fulfillment of the terms of the SPA, the Joint Venture (JV) agreement with I-Chem Solution Sdn Bhd, Malaysia stands terminated.
Chembond Chemicals is engaged in specialty chemicals business and offers a range of products for industrial applications. The company offers products for applications in the areas of construction chemicals, industrial coatings and chemical trading.
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