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Seamec touches the roof on getting nod for scheme of arrangement

16 Nov 2017 Evaluate

Seamec is currently trading at its upper circuit limit of Rs. 167.45, up by 7.95 points or 4.98% from its previous closing of Rs. 159.50 on the BSE.

The scrip opened at Rs. 167.45 and has touched a high and low of Rs. 167.45 and Rs. 156.00 respectively. So far 65086 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 194.00 on 07-Aug-2017 and a 52 week low of Rs. 77.85 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 167.45 and Rs. 151.05 respectively. The current market cap of the company is Rs. 425.74 crore.

The promoters holding in the company stood at 69.57%, while institutions and non-institutions held 3.94% and 26.49% respectively.

Seamec has received an approval for the Scheme of Arrangement between HAL Offshore and the company, for Demerger of the EPC & Vessel Division of HAL Offshore into Seamec. The Board of Directors of the company in its meeting held on November 14, 2017 has considered and approved the same, after recommendation of the Audit Committee of the Company.

Seamec is engaged in the business of operating multi-support vessels for diving and for providing underwater/sub-sea engineering services, deep sea diving, and inspection of underwater structures, repairs and maintenance of offshore platform fire-fighting services and rescue operations.

 

Seamec Share Price

1556.00 7.15 (0.46%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 305.85
GE Shipping 1425.30
Dredging Corp 976.65
Seamec 1556.00
Shreeji Ship.Global 377.10
View more..

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