Asian Granito rises on plan to transfer 9.46% stake in Astron Paper

31 Mar 2017

Asian Granito India is currently trading at Rs. 365.50, up by 2.15 points or 0.59% from its previous closing of Rs. 363.35 on the BSE.

The scrip opened at Rs. 365.00 and has touched a high and low of Rs. 370.00 and Rs. 362.55 respectively. So far 55942 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 373.70 on 29-Mar-2017 and a 52 week low of Rs. 144.00 on 08-Apr-2016.

Last one week high and low of the scrip stood at Rs. 373.70 and Rs. 350.00 respectively. The current market cap of the company is Rs. 1099.70 crore.

The promoters holding in the company stood at 28.16%, while Institutions and Non-Institutions held 0.26% and 71.58% respectively.

Asian Granito India has received its board’s approval to transfer 30,75,000 Equity shares, constituting 9.46% of total share capital, of Astron Paper and Board Mill. Thus, the company’s present investment of 36.46% in Astron Paper will reduce to 27%. The company’s board gave approval for the same at the meeting held on March 31, 2017.

Asian Granito India is engaged in manufacturing of flooring solutions. It is one of the leading wall tile manufacturers in India. The company manufactures products such as wall tiles, vitrified tiles, ceramic floor tiles, marble and quartz stone and Aquart.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323