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Confidence Petroleum India rises on entering into SPA to acquire 0.57% stake in GIR

Confidence Petroleum India Ltd. | Trading | Miscellaneous | BSE: 526829 | NSE: CONFIPET

06 Sep 2017 Evaluate

Confidence Petroleum India is currently trading at Rs. 18.20, up by 0.10 points or 0.55% from its previous closing of Rs. 18.10 on the BSE.

The scrip opened at Rs. 18.60 and has touched a high and low of Rs. 18.60 and Rs. 17.90 respectively. So far 13147 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 18.90 on 04-Sep-2017 and a 52 week low of Rs. 6.51 on 15-Dec-2016.

Last one week high and low of the scrip stood at Rs. 18.90 and Rs. 17.00 respectively. The current market cap of the company is Rs. 472.37 crore.

The promoters holding in the company stood at 53.66%, while Institutions and Non-Institutions held 0.78% and 45.56% respectively.

Confidence Petroleum India has entered into a Share Purchase Agreement (SPA) with the Promoter of Globe Industrial Resources (GIR), a company incorporated under the provisions of the Companies Act, 1956 and having its registered office at New Delhi and currently listed on BSE and Metropolitan Stock Exchange of India (MSEI) for acquiring 11,300 equity shares of Rs 10 each, constituting 0.57% of the Fully Paid Up Equity Share Capital of the GIR.

Pursuant to the said acquisition, the holding of the company in GIR would go beyond 25%. The said acquisition would be subject to the terms of the SPA and necessary statutory and regulatory approvals as may be required.

Confidence Petroleum is an India-based manufacturer of liquefied petroleum gas (LPG) cylinders for domestic, as well as commercial use. The Company is engaged in the sale of cylinder, LPG bottling, and filling/DPT/transport. Its segments include the LPG/CNG Cylinder manufacturing, and the LPG Bottling & Marketing.

Confidence Petroleum Share Price

52.67 0.05 (0.10%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Redington	234.90
Adani Enterprises	2218.35
Amrapali Industries	17.53
Rashi Peripheral	455.25
PDS	301.45
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Confidence Petroleum India rises on entering into SPA to acquire 0.57% stake in GIR

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