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Bajaj Electricals surges on entering into agreement with Nirlep Appliances

15 Jun 2018 Evaluate

Bajaj Electricals is currently trading at Rs. 538.65, up by 5.70 points or 1.07% from its previous closing of Rs. 532.95 on the BSE.

The scrip opened at Rs. 535.00 and has touched a high and low of Rs. 547.00 and Rs. 523.00 respectively. So far 78286 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 706.35 on 24-Apr-2018 and a 52 week low of Rs. 294.50 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 547.00 and Rs. 521.00 respectively. The current market cap of the company is Rs. 5520.23 crore.

The promoters holding in the company stood at 62.94%, while Institutions and Non-Institutions held 15.54% and 21.53% respectively.

Bajaj Electricals has entered into a Share Purchase and Shareholders Agreement on June 15, 2018 with Nirlep Appliances and its shareholders for the acquisition of entire shareholding of Nirlep. Subsequent to the proposed acquisition, Nirlep will become a wholly owned subsidiary of the company.

The company has proposed to acquire the entire shareholding of Nirlep in cash, for a consideration of Rs 42.50 crore, subject to adjustments of any additional liabilities for the period prior to acquisition. The proposed acquisition will provide a portfolio of products which complements with the offerings of Bajaj Electricals and is a perfect synergic blend.

Bajaj Electricals is an electrical equipments manufacturing company. It is engaged in the manufacturing of domestic appliances such as water heaters, mixers, food processors, microwave ovens, air coolers, steam & dry irons, etc.

Bajaj Electricals Share Price

391.55 3.70 (0.95%)
17-Apr-2026 16:59 View Price Chart
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