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Nile zooms on selling glass lined equipment division to De Dietrich Process Systems India

22 Jun 2012 Evaluate

Nile is currently trading at Rs. 99.75, up by 8.80 points or 9.68% from its previous closing of Rs. 90.95 on the BSE.

The scrip opened at Rs. 91.00 and has touched a high and low of Rs. 102.65 and Rs. 91.00 respectively. So far 11835 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 249.95 on 21-Jul-2011 and a 52 week low of Rs. 88.65 on 12-Jun-2012.

Last one week high and low of the scrip stood at Rs. 102.65 and Rs. 89.00 respectively. The current market cap of the company is Rs. 29.72 crore.

The promoters holding in the company stood at 48.73% while Institutions and Non-Institutions held 0.04% and 51.23% respectively. 

Nile has sold its Glass Lined Equipment Division with all the assets and liabilities comprising thereof, to De Dietrich Process Systems India as a ‘going concern’ on a slump sale basis.

Following this decision, the company will focus on building its market position in its Lead Division and pursue further synergistic opportunities in related areas.

Nile was originally incorporated as a private limited company with the name Navabharat Industrial Linings and Equipment, designs and manufactures equipment for specific customer applications or process performance improvement.

Nile Share Price

1690.00 8.75 (0.52%)
21-Apr-2026 11:27 View Price Chart
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