Bodal Chemicals shines on getting nod to acquire further stake in TCPL

30 May 2018

Bodal Chemicals is currently trading at Rs. 139.50, up by 4.70 points or 3.49% from its previous closing of Rs. 134.80 on the BSE.

The scrip opened at Rs. 134.00 and has touched a high and low of Rs. 140.40 and Rs. 132.20 respectively. So far 41230 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 193.60 on 13-Jul-2017 and a 52 week low of Rs. 110.25 on 09-May-2018.

Last one week high and low of the scrip stood at Rs. 140.00 and Rs. 122.75 respectively. The current market cap of the company is Rs. 1703.31 crore.

The promoters holding in the company stood at 54.93%, while Institutions and Non-Institutions held 14.06% and 31.01% respectively.

Bodal Chemicals’ board has given approval to acquire further stake in Trion Chemicals (TCPL) and increase holding of the company to 59% and make TCPL, subsidiary of Bodal Chemicals. The Board of Directors at their meeting held on May 29, 2018, approved the same.

Bodal Chemicals is an Integrated and Innovative company, offering end-to-end solution to its customers globally. The company is among world’s largest manufacturer and exporter of Dyes Intermediate, Dyestuff and Sulphuric Acid, with vertically and horizontally integrated who provides product solutions and service solution on fastest possible route to their customers.

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Bodal Chemicals Share Price

68.65 -4.95 (-6.73%) Nov 14, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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