Zuari Global soars on getting NCLT's nod for scheme of arrangement

20 Nov 2017

Zuari Global is currently trading at Rs. 233.25, up by 6.10 points or 2.69% from its previous closing of Rs. 227.15 on the BSE.

The scrip opened at Rs. 229.00 and has touched a high and low of Rs. 237.15 and Rs. 222.25 respectively. So far 88110 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 237.15 on 20-Nov-2017 and a 52 week low of Rs. 85.00 on 24-Nov-2016.

Last one week high and low of the scrip stood at Rs. 237.15 and Rs. 177.00 respectively. The current market cap of the company is Rs. 679.49 crore.

The promoters holding in the company stood at 56.31%, while institutions and non-institutions held 14.61% and 29.08% respectively.

Zuari Global has received the National Company Law Tribunal’s (NCLT) approval for the Scheme of Arrangement between Zuari Investments and Zuari Finserv (formerly known as Horizonview Developers) vide its order dated November 09, 2017. The company has already received an approval of the Board of Directors for the same scheme of Arrangement.

Zuari Global, erstwhile Zuari Industries, has been the principal promoter entity for the Zuari Group of Companies, with forays into fertilizer, seeds, engineering, lifestyle industries and services.

Related Zuari Global Ltd. Links:

Zuari Global Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323