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Camlin Fine Sciences advances on acquiring 51% stake in Chinese company

12 Jul 2017 Evaluate

Camlin Fine Sciences is currently trading at Rs. 91.00, up by 1.15 points or 1.28% from its previous closing of Rs. 89.85 on the BSE.

The scrip opened at Rs. 90.75 and has touched a high and low of Rs. 96.00 and Rs. 90.45 respectively. So far 80,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 119.60 on 26-Oct-2016 and a 52 week low of Rs. 74.20 on 25-May-2017.

Last one week high and low of the scrip stood at Rs. 96.00 and Rs. 86.00 respectively. The current market cap of the company is Rs. 943.76 crore.

The promoters holding in the company stood at 40.91%, while Institutions and Non-Institutions held 12.78% and 46.31% respectively.

Camlin Fine Sciences along with its subsidiary -- CFS Europe SpA -- Italy has acquired 51% stake in an entity in China. The target entity Ningbo Wanglong Flavors and Fragrances Company (NWFFCL) is a medium sized company. NWFFCL was incorporated on November 20, 2015 which is a joint venture between the Company and Wanglong Technology Company.

Camlin Fine Chemicals is the world's second largest manufacturer and marketer of food grade antioxidants BHA (butylated hydroxyanisole) and TBHQ (Tertiary Butylhydroquinone).


Camlin Fine Sciences Share Price

131.95 1.30 (1.00%)
06-May-2026 12:15 View Price Chart
Peers
Company Name CMP
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