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PI Industries inches up on completing acquisition of Isagro Asia

30 Dec 2019 Evaluate

PI Industries is currently trading at Rs. 1460.00, up by 1.20 points or 0.08% from its previous closing of Rs. 1458.80 on the BSE.

The scrip opened at Rs. 1470.35 and has touched a high and low of Rs. 1472.75 and Rs. 1452.80 respectively. So far 546 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1529.95 on 06-Dec-2019 and a 52 week low of Rs. 828.75 on 15-Jan-2019.

Last one week high and low of the scrip stood at Rs. 1482.65 and Rs. 1442.00 respectively. The current market cap of the company is Rs. 20096.09 crore.

The promoters holding in the company stood at 51.38%, while Institutions and Non-Institutions held 34.62% and 14.01% respectively.

PI Industries has completed its acquisition of Isagro (Asia) Agrochemicals from Isagro Spa and its affiliates, a deal which was signed in Nov, 2019. The total transaction value is Rs 345 crore.

This acquisition will provide access to additional manufacturing capacities, synergy benefits of adjacent mfg site, long term contract for export of products to Isagro Spa and on the other hand will help PI strengthen its position in domestic market by leveraging complementary product portfolio and pan India distribution channel of the acquired entity.

PI Industries is engaged in the business of- Agri inputs, Fine Chemicals and (CRAMS) Contract Research and Manufacturing Services), Polymers and Engineering Services.

PI Industries Share Price

3144.45 29.85 (0.96%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
UPL 665.00
PI Industries 3144.45
Bayer CropScience 4900.45
Sharda Cropchem 1109.70
Sumitomo Chemical 441.95
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