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Alps Industries zooms on entering into settlement agreement with subsidiary companies

31 May 2017 Evaluate

Alps Industries is currently trading at Rs. 6.97, up by 0.32 points or 4.81% from its previous closing of Rs. 6.65 on the BSE.

The scrip opened at Rs. 6.97 and has touched a high and low of Rs. 6.97 and Rs. 6.97 respectively. So far 50 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 10.35 on 20-Dec-2016 and a 52 week low of Rs. 4.31 on 25-Aug-2016.

Last one week high and low of the scrip stood at Rs. 6.97 and Rs. 6.53 respectively. The current market cap of the company is Rs. 27.26 crore.

The promoters holding in the company stood at 27.06%, while Non-Institutions held 72.93%.

Alps Industries (AIL) has entered into a onetime settlement agreement with its material subsidiary companies - Snowflakes Meditech and Alps Energy on May 30, 2017 for settlement of all dues. The company has received an approval for the same from the board of directors at their meeting held on May 30, 2017.

Alps Industries is a holding company, which is engaged in the textile business. The company manufactures and sells home furnishings, fashion accessories and yarns in India. Its segments include Home Furnishing & Fashion Accessories; Yarn, and Architectural Products.

Alps Inds Share Price

3.44 0.00 (0.00%)
01-Jan-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 133.50
Vardhman Textiles 569.25
Arvind 388.45
K.P.R. Mill 927.15
Page Industries 37981.15
View more..

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