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Apar Industries strengthens on plan to acquire 47.5% stake in ACLL

21 Aug 2012 Evaluate

Apar Industries is currently trading at Rs. 135.95, up by 1.65 points or 1.23% from its previous closing of Rs. 134.30 on the BSE.

The scrip opened at Rs. 134.30 and has touched a high and low of Rs. 135.95 and Rs. 133.50 respectively. So far 288 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 174.00 on 21-Sep-2011 and a 52 week low of Rs. 97.05 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 136.50 and Rs. 128.00 respectively. The current market cap of the company is Rs. 485.63 crore.

The promoters holding in the company stood at 57.99% while Institutions and Non-Institutions held 13.66% and 28.35% respectively.

Apar Industries has received an approval for acquisition of 47.5% stake amounting to 3,214,444 equity shares of Rs 10 each in the joint venture company, Apar ChemateK Lubricants (ACLL), an unlisted company. The board at its meeting held on August 17, 2012 has approved for the same.

Upon completion of the transaction, the shareholding of the company in ACLL will increase to 97.5% from the present 50.00% and ACLL shall become subsidiary of the company.

Apar Industries is one of the established companies engaged in the manufacture of transformer and other specialty oils and transmission and distribution overhead conductors. Its manufacturing facilities at Rabale, Silvassa and Nalagarh have a total installed capacity of 372,773 MT for transformer oils, 103,679 MT for conductors and 86,600 MT for aluminium rod.

Apar Inds Share Price

11713.20 -263.90 (-2.20%)
21-Apr-2026 16:59 View Price Chart
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Company Name CMP
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Apar Inds 11713.20
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