Xpro India soars on getting nod to sell Biax Unit-I at Barjora

08 Mar 2019

Xpro India is currently trading at Rs. 38.65, up by 0.75 points or 1.98% from its previous closing of Rs. 37.90 on the BSE.

The scrip opened at Rs. 38.45 and has touched a high and low of Rs. 38.65 and Rs. 37.15 respectively. So far 186 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 61.00 on 24-Apr-2018 and a 52 week low of Rs. 30.20 on 19-Feb-2019.

Last one week high and low of the scrip stood at Rs. 45.00 and Rs. 37.15 respectively. The current market cap of the company is Rs. 43.89 crore.

The promoters holding in the company stood at 50.02%, while Institutions and Non-Institutions held 0.10% and 49.87% respectively.

Xpro India has received an approval for sale/ transfer of Biax Division, Barjora Unit -I, manufacturing packaging grade BOPP Film, situated at Barjora Mejia Road in West Bengal on as is where is basis at a consideration of Rs 678 crore for Fixed Assets with East India Polyfilms.

The expected date of completion of sale is June 30, 2019. The Board of Directors of the company at their meeting held on March 8, 2019, has approved the same.

Xpro India is an India-based company, which manufactures semi-finished plastic products, such as thermoplastic films/sheets/liners.

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