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Apar Industries advances on entering into JVA with PPS Motors

03 Jan 2018 Evaluate

Apar Industries is currently trading at Rs. 820.40, up by 25.35 points or 3.19% from its previous closing of Rs. 795.05 on the BSE.

The scrip opened at Rs. 818.00 and has touched a high and low of Rs. 828.00 and Rs. 814.00 respectively. So far 3,530 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 909.00 on 31-May-2017 and a 52 week low of Rs. 582.05 on 03-Jan-2017.

Last one week high and low of the scrip stood at Rs. 831.60 and Rs. 785.00 respectively. The current market cap of the company is Rs. 3,158.27 crore.

The promoters holding in the company stood at 57.96%, while Institutions and Non-Institutions held 28.45% and 13.59% respectively.

Apar Industries (AIL) has entered into a joint venture agreement (JVA) with PPS Motors (PMPL) and Other. The purpose of JVA is to incorporate a company in the name of ‘Ampoil Apar Lubricants’ (AALPL).

AALPL will market Lubricants in the AMPOIL Brand which is a brand owned by PPS Business Solutions. The focus will be to sell Lubricants to State Government, Central Government, Public Sector or Semi-Government, Defense and Original Equipment Manufacturers. The share of the company in the Joint Venture is 40%. There is no impact on management and control of the company.

Apar Industries is engaged in the manufacturing of transmission & distribution overhead conductors transformer and specialty oils and power and other cables. It has three broad business segments - Transformer and Speciality Oils (TSO) segment, conductors segment and cables segment.



Apar Inds Share Price

11829.15 42.85 (0.36%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1259.70
Siemens 3866.40
Apar Inds 11829.15
ABB India 7570.20
Waaree Energies 3411.70
View more..

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