Share India Securities is currently trading at Rs. 62.00, up by 0.35 points or 0.57% from its previous closing of Rs. 61.65 on the BSE.
The scrip opened at Rs. 61.65 and has touched a high and low of Rs. 62.00 and Rs. 59.00 respectively. So far 6510 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.00 on 03-Dec-2019 and a 52 week low of Rs. 36.15 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 64.00 and Rs. 59.00 respectively. The current market cap of the company is Rs. 199.05 crore.
The promoters holding in the company stood at 50.87% and Non-Institutions held 49.13%.
Share India Securities has decided to purchase 100% Equity Shares of Total Commodities (India), subject to compliance with all applicable laws and requisite approvals, if any. Consequently, Total Commodities (India) will become a wholly-owned subsidiary of the company. The Board of Directors at their meeting held on May 13, 2020 have decided the same.
The purchase would result into business synergy and enhance the current business operation of the company. The acquisition shall be completed within a month. Total cost of acquisition is Rs. 5,09,82,000.
