Chembond Chemicals gains on acquiring CSWTL from Solenis Netherlands

03 May 2017 Evaluate

Chembond Chemicals is currently trading at Rs. 226.65, up by 1.30 points or 0.58% from its previous closing of Rs. 225.35 on the BSE.

The scrip opened at Rs. 222.00 and has touched a high and low of Rs. 232.00 and Rs. 222.00 respectively. So far 57096 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. 179.70 on 28-Mar-2017.

Last one week high and low of the scrip stood at Rs. 247.50 and Rs. 203.20 respectively. The current market cap of the company is Rs. 309.31 crore.

The promoters holding in the company stood at 69.48%, while institutions and non-institutions held 0.35% and 30.17% respectively.

Chembond Chemicals has completed the acquisition of the equity shares of Chembond Solenis Water Technologies (CSWTL) from Solenis Netherlands B.V. Consequent to the above acquisition of shares, CSWTL has now become a wholly owned subsidiary (WOS) of the company.

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.

Chembond Chemicals Share Price

478.00 6.05 (1.28%)
28-Mar-2024 16:01 View Price Chart
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