Ashok Alco-Chem is currently trading at Rs. 26.00, up by 0.05 points or 0.19% from its previous closing of Rs. 25.95 on the BSE.
The scrip opened at Rs. 25.50 and has touched a high and low of Rs. 26.80 and Rs. 25.00 respectively. So far 3324 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 70.00 on 20-Dec-2018 and a 52 week low of Rs. 17.65 on 23-Aug-2019.
Last one week high and low of the scrip stood at Rs. 27.20 and Rs. 22.60 respectively. The current market cap of the company is Rs. 11.96 crore.
The promoters holding in the company stood at 54.79%, while Institutions and Non-Institutions held 1.08% and 44.13% respectively.
Ashok Alco-Chem has received approval for acquisition of 35,000 equity shares of Aeon Procare from the existing shareholders of Aeon, thereby making it a wholly-owned subsidiary of the Company. The cost of acquisition will be Rs 7.87 crore for 35,000 equity shares of Rs 10 each.
This acquisition would increase shareholding of the company in Aeon Procare to 100%. The Board of Directors of the Company at its meeting held on December 16, 2019 has approved the same.
Ashok Alco-Chem is a major manufacturer, importer and exporter of organic chemicals. Their products include ethanol, ethyl acetate and acetic acid.
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