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Singer India gains on receiving nod to acquire entire stake in BTIL

14 Dec 2017 Evaluate

Singer India is currently trading at Rs. 243.90, up by 3.10 points or 1.29% from its previous closing of Rs. 240.80 on the BSE.

The scrip opened at Rs. 243.00 and has touched a high and low of Rs. 243.90 and Rs. 243.00 respectively.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 314.90 on 21-Jul-2017 and a 52 week low of Rs. 192.00 on 23-Dec-2016.

Last one week high and low of the scrip stood at Rs. 254.65 and Rs. 238.00 respectively. The current market cap of the company is Rs. 262.03 crore.

The promoters holding in the company stood at 64.20%, while Institutions and Non-Institutions held 1.04% and 34.75% respectively.

Singer India has received an approval for acquiring 10,00,000 equity shares (face value Rs 10 each) of Brand Trading (India) (BTIL) from BTIndia, a company incorporated in British Virgin Islands (holding 999,999 equity shares in BTIL) and Singer (Thailand) BV, a company incorporated in Netherlands (holding 1 equity share in BTIL) at a consideration of Rs 16.52 per equity share calculated at 95% of the value arrived and certified by a Practicing Chartered Accountant under the relevant guidelines. The investment which will be subject to any further approvals as may be required once materialized will make BTIL a 100% subsidiary of Singer India.

BTIL was incorporated on 24th June 2005 with a view to carrying on wholesale trading business in India by Singer. This company will be pursuing this business further as a separate 100% arm of Singer India.

Singer India is mainly engaged in the manufacturing of Sewing machines.


Singer India Share Price

73.07 -3.14 (-4.12%)
20-Apr-2026 16:59 View Price Chart
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