Kilpest India rises with arm entering into alliance with two global experts

11 Sep 2018

Kilpest India is currently trading at Rs. 105.90, up by 1.35 points or 1.29% from its previous closing of Rs. 104.55 on the BSE.

The scrip opened at Rs. 111.50 and has touched a high and low of Rs. 111.50 and Rs. 102.60 respectively. So far 8608 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 179.20 on 09-May-2018 and a 52 week low of Rs. 69.20 on 11-Sep-2017.

Last one week high and low of the scrip stood at Rs. 111.50 and Rs. 87.30 respectively. The current market cap of the company is Rs. 67.86 crore.

The promoters holding in the company stood at 43.42%, while Non-Institutions held 56.58% stake in the company.

Kilpest India’s subsidiary company -- 3B BlackBio Biotech India, Bhopal has entered into a business alliance / MOU with Prof. Subhash Hira, and Prof. Yassa Peirre Yoniene, (These two Global Public Health Experts in infectious diseases, who have occupied senior positions in UN, WHO, USAID, Global Fund, and have been advisors to Ministry of Health (MoH) Zambia, MoH India, MoH Congo).

The alliance is to form a step down subsidiary company in Zambia, a country in South-Central Africa where 51% of the stake will be held by the company’s subsidiary company, 3B BlackBio Biotech India, Bhopal and balance 49% will be held by the two Global Experts.

Kilpest India is one of India’s leading Agri based companies. Kilpest is an ISO certified company and has representation in India in the field of agriculture business comprising Crop Protection Products and Public Health Products, Bio products, Micro-Nutrients and Mix fertilizers.

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