Kanoria Chemicals shines on acquiring stake in its subsidiary company

11 Dec 2018

Kanoria Chemicals & Industries is currently trading at Rs. 60.00, up by 1.80 points or 3.09% from its previous closing of Rs. 58.20 on the BSE.

The scrip opened at Rs. 58.95 and has touched a high and low of Rs. 60.00 and Rs. 58.95 respectively. So far 1147 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 112.50 on 10-Jan-2018 and a 52 week low of Rs. 55.05 on 25-Oct-2018.

Last one week high and low of the scrip stood at Rs. 60.65 and Rs. 58.00 respectively. The current market cap of the company is Rs. 257.79 crore.

The promoters holding in the company stood at 74.43%, while Institutions and Non-Institutions held 0.28% and 25.29% respectively.

Kanoria Chemicals & Industries has acquired 10,551,560 shares in its subsidiary company, Kanoria Africa Textiles PLC, Ethiopia (KATP), at face value of 10.00 Birr per share. On acquisition of these shares, the company's shareholding in KATP was increased from the existing 78.68% to 84.45% of its equity capital.

Kanoria Chemicals & Industries is a leading manufacturer of chemical intermediates in India.

Related Kanoria Chemicals & Industries Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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