Dhunseri Petrochem shines on entering into SPA with IVL, Indorama

15 Jun 2018 Evaluate

Dhunseri Petrochem is currently trading at Rs. 123.00, up by 3.70 points or 3.10% from its previous closing of Rs. 119.30 on the BSE.

The scrip opened at Rs. 118.95 and has touched a high and low of Rs. 123.00 and Rs. 118.95 respectively. So far 850 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 196.00 on 15-Jan-2018 and a 52 week low of Rs. 71.25 on 03-Aug-2017.

Last one week high and low of the scrip stood at Rs. 123.75 and Rs. 116.65 respectively. The current market cap of the company is Rs. 424.85 crore.

The promoters holding in the company stood at 74.21%, while Institutions and Non-Institutions held 3.90% and 21.89% respectively.

Dhunseri Petrochem (DPL) has entered into a Share Purchase Agreement (SPA) on June 14, 2018 with Indorama Ventures Public Company (IVL) and two of its subsidiary companies - Indorama Netherlands B.V. and Indorama Netherlands Cooperatief U.A. (together Indorama), to sell 50% of the company’s stake in its existing joint venture company - Egyptian Indian Polyester Company S.A.E (EIPET) to Indorama.

Simultaneously with the execution of the SPA, the company and Indorama also executed a shareholders' agreement to determine their mutual rights and obligations and other matters in connection therewith both inter se as shareholders and vis-a-vis the company and, including those relating to the management and operations of EIPET.

DPL cultivates, processes and markets tea, and manufactures petrochemicals. The company produces polyethylene terephthalate (PET) resin.

Dhunseri Ventures Share Price

327.35 6.15 (1.91%)
31-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Tata Chemicals 1030.65
SRF 2206.90
Pidilite Inds. 2950.00
Aarti Inds 610.80
Gujarat Fluorochemic 3046.35
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.