Rubfila International gains on inking pact to acquire 50% stake in Premier Tissue

03 Sep 2018

Rubfila International is currently trading at Rs. 60.80, up by 1.15 points or 1.93% from its previous closing of Rs. 59.65 on the BSE.

The scrip opened at Rs. 60.00 and has touched a high and low of Rs. 62.35 and Rs. 60.00 respectively. So far 10453 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 99.85 on 06-Nov-2017 and a 52 week low of Rs. 57.00 on 31-Aug-2018.

Last one week high and low of the scrip stood at Rs. 63.50 and Rs. 57.00 respectively. The current market cap of the company is Rs. 275.83 crore.

The promoters holding in the company stood at 62.01%, while Institutions and Non-Institutions held 0.14% and 37.85% respectively.

Rubfila International has signed Share Subscription Agreement for subscribing to 50% of the equity Share Capital of Premier Tissue (India) at Rs 28.47 Per share. 

Rubfila International produces adhesives suitable for various industry segments like leather and footwear, tyre Re- treading ,wood, rexin and foam, automotive, to name a few.

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