Chembond Chemicals is currently trading at Rs. 233.00, up by 13.00 points or 5.91% from its previous closing of Rs. 220.00 on the BSE.
The scrip opened at Rs. 226.80 and has touched a high and low of Rs. 239.00 and Rs. 225.30 respectively. So far 68,000 shares were traded on the counter.
The BSE group 'XC' stock of face value Rs. 5 has touched a 52 week high of Rs. 268.20 on 20-Jun-2017 and a 52 week low of Rs. 179.70 on 28-Mar-2017.
Last one week high and low of the scrip stood at Rs. 239.00 and Rs. 215.00 respectively. The current market cap of the company is Rs. 313.35 crore.
The promoters holding in the company stood at 66.87%, while Institutions and Non-Institutions held 0.46% and 32.66% respectively.
Chembond Chemicals entered into a Share Purchase Agreement (SPA) to acquire the entire equity shares of Phiroze Sethna. Consequently, the company has acquired Phiroze Sethna (PSPL) and its wholly owned subsidiary - Gramos Chemicals India (GCIPL). Post acquisition of above mentioned equity shares, PSPL becomes the wholly owned subsidiary of the company.
Law Charter was the legal advisors to Chembond and YMS Partner LLP, the M&A advisors to Chembond for the transaction.
Chembond Chemicals is engaged in specialty chemicals business and offers a range of products for industrial applications. The company offers products for applications in the areas of construction chemicals, industrial coatings and chemical trading.
