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ABC India rises on plan to sell 19% stake in Nissin ABC Logistics for Rs 16.30 crore

18 Sep 2012 Evaluate

ABC India is currently trading at Rs. 132.20, up by 5.10 points or 4.01% from its previous closing of Rs. 127.10 on the BSE.

The scrip opened at Rs. 126.00 and has touched a high and low of Rs. 132.20 and Rs. 126.00 respectively. So far 2,267 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 165.00 on 16-Mar-2012 and a 52 week low of Rs. 97.20 on 17-Nov-2011.

Last one week high and low of the scrip stood at Rs. 134.85 and Rs. 103.55 respectively. The current market cap of the company is Rs. 66 crore.

The promoters holding in the company stood at 59.36% while Institutions and Non-Institutions held 0.19% and 40.45% respectively.

ABC India has received an approval for sale of 19% shareholding out of present 24% shareholding in Nissin ABC Logistics subject to execution of necessary documents for a consideration of Rs 16.30 crore. The board at its meeting held on September 15, 2012 has approved for the same.

ABC India has been a pioneer in the field of logistics since its inception, when there were hardly any other organized cargo transporters in India. Today, it is serving India and the world through a network of more than 150 locations all over the country and associates across the world.

ABC India Share Price

65.00 3.40 (5.52%)
17-Apr-2026 16:59 View Price Chart
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