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Everest Kanto gains on executing equity transfer agreement with You Yuan Office

16 Apr 2018 Evaluate

Everest Kanto Cylinder is currently trading at Rs. 51.00, up by 1.00 points or 2.00% from its previous closing of Rs. 50.00 on the BSE.

The scrip opened at Rs. 49.10 and has touched a high and low of Rs. 51.70 and Rs. 49.00 respectively. So far 77,248 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 77.75 on 12-Dec-2017 and a 52 week low of Rs. 31.50 on 24-May-2017.

Last one week high and low of the scrip stood at Rs. 51.85 and Rs. 48.45 respectively. The current market cap of the company is Rs. 572.26 crore.

The promoters holding in the company stood at 66.17%, while Institutions and Non-Institutions held 0.35% and 33.48% respectively.

Everest Kanto Cylinder has executed equity transfer agreement with You Yuan Office Union (Tianjin) Company for sale / transfer of entire shareholding of the company in its subsidiary - EKC Industries (Tianjin) Co. subject to the approval of shareholders and other authorities, if any.

Everest Kanto Cylinder is engaged in the manufacture of fabricated metal products, except machinery and equipment.



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