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Shirpur Gold inches up with arm concluding acquisition of 70% rights of MEAM

16 Oct 2017 Evaluate

Shirpur Gold Refinery is currently trading at Rs. 156.35, up by 0.05 points or 0.03% from its previous closing of Rs. 156.30 on the BSE.

The scrip opened at Rs. 158.00 and has touched a high and low of Rs. 161.00 and Rs. 155.85 respectively. So far 3,010 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 182.35 on 14-Jun-2017 and a 52 week low of Rs. 75.85 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 180.00 and Rs. 155.55 respectively. The current market cap of the company is Rs. 455.56 crore.

The promoters holding in the company stood at 72.71%, while Institutions and Non-Institutions held 6.33% and 20.96% respectively.

Shirpur Gold Refinery’s wholly owned subsidiary - Zee Gold DMCC, Dubai (Zee Gold) has completed the acquisition of 70% of the shareholding rights of MEAM for consideration of $6.86 million and consequent upon above acquisition by Zee Gold, MEAM became the step down subsidiary of the company.

Last year in December, the company had received its board’s approval for acquisition of 70% in Metalli Exploration and Mining, Mali. The board had granted approval to its wholly owned subsidiary, Zee Gold DMCC, for acquisition of 70 percent of shareholding rights of Metalli Exploration and Mining, Mali for gold mines located in Mali.

Shirpur Gold Refinery is engaged in the business of manufacturing and trading of gold bars, gold coins, gold jewelry and export of gold jewelry. The company is also engaged in the business of refining, manufacturing and marketing of precious metals.


ShirpurGold Refinery Share Price

5.02 0.00 (0.00%)
13-Dec-2021 18:01 View Price Chart
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