Chembond Chemicals surges on getting nod to sell entire stake of Chembond Chemicals Malaysia

20 May 2019

Chembond Chemicals is currently trading at Rs. 305.00, up by 4.85 points or 1.62% from its previous closing of Rs. 300.15 on the BSE.

The scrip opened at Rs. 309.65 and has touched a high and low of Rs. 316.00 and Rs. 295.00 respectively.

The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 447.50 on 21-Aug-2018 and a 52 week low of Rs. 280.00 on 19-Mar-2019.

Last one week high and low of the scrip stood at Rs. 316.00 and Rs. 290.05 respectively. The current market cap of the company is Rs. 410.17 crore.

The promoters holding in the company stood at 63.91%, while Institutions and Non-Institutions held 0.35% and 35.73% respectively.

Chembond Chemicals has received an approval to sell 100% stake in Chembond Chemicals Malaysia Sdn Bhd (Wholly owned Subsidiary), held by the company to Chembond Water Technologies (Wholly Owned Subsidiary). The Board of Directors of the company in its meeting held on May 18, 2019, approved the same.

Chembond Chemicals is engaged in specialty chemicals business and offers a wide range of products for industrial applications.

Related Chembond Chemicals Ltd. Links:

Chembond Chemicals Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323